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SE Asia Stocks-Most slip; Philippines climbs, posts first weekly gain in seven

By Rashmi Ashok

Oct 19 (Reuters) - Most Southeast Asian stock markets closed

lower on Friday, as weak economic data from China added to

concerns over trade tensions, hurting investor sentiment.

China's economic growth in the third quarter slowed to 6.5

percent, its weakest pace since 2009 and below expectations, as

a campaign to tackle debt risks and the trade war with the

United States weighed on the economy.

Malaysian stocks closed 0.3 percent lower, weighed

down by its telecom stocks. The Malaysian government said on

Thursday the country would see wider fiscal deficits and slower

economic growth than earlier forecast through 2020.

Singapore stocks dropped in the session, closing the

week 0.2 percent lower and marking their fourth straight losing

week. Yangzijiang Shipbuilding (Holdings) Ltd sank

13.8 percent in the session while palm oil producer Golden

Agri-Resources Ltd lost more than 2 percent.

Philippine shares rose marginally in the session,

bringing their weekly gain to 2.1 percent and posting their

first weekly gain in seven. Real-estate shares boosted the index

in the session, with sector heavyweight Ayala Land Inc

gaining 0.7 percent and land developer Robinsons Land Corp

adding 1.2 percent.

Indonesian shares posted a weekly loss, after two

consecutive weeks of gains. Cigarette maker Gudang Garam Tbk

shed 1.2 percent in the session, while telecom stock

Telekomunikasi Indonesia Tbk lost 0.8 percent.

Thailand's stocks shed 0.9 percent, dragged down by

its bank stocks, with Bangkok Bank Public Company Ltd

falling 0.9 percent.

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SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3062.51 3069.67 -0.23

Bangkok 1667.91 1682.91 -0.89

Manila 7151.52 7141.25 0.14

Jakarta 5837.291 5845.242 -0.14

Kuala Lumpur 1732.14 1738.01 -0.34

Ho Chi Minh 958.36 963.47 -0.53

Change on year

Market Current End prev yr Pct Move

Singapore 3062.51 3402.92 -10.00

Bangkok 1667.91 1753.71 -4.89

Manila 7151.52 8,558.42 -16.44

Jakarta 5837.291 6,355.65 -8.16

Kuala Lumpur 1732.14 1796.81 -3.60

Ho Chi Minh 958.36 984.24 -2.63

(Reporting by Rashmi Ashok; Editing by Amrutha Gayathri)