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SE Asia Stocks-Most slump as China's retaliatory tariffs on U.S. goods intensify trade worries

* Thai shares drop 2.2 pct to lowest in over 3 months

* Singapore sheds 2.1 pct to its lowest in nearly 6 months

* Asian shares ex-Japan slide 1.3 pct to lowest in 1 month

By Nicole Pinto

April 4 (Reuters) - Most Southeast Asian stock markets

slumped on Wednesday as China swiftly retaliated against the

Trump administration's plans to impose tariffs on Chinese goods

with duties on key U.S. imports, heightening worries of a trade

war between the two countries.

The speed with which the trade struggle between Washington

and Beijing is ratcheting up – the Chinese government took less

than 11 hours to respond with its own measures – led to a sharp

selloff in global stock markets and commodities.

Beijing's list of 25 percent additional tariffs on U.S.

goods covers 106 items with a trade value matching the $50

billion targeted on Washington's list, China's commerce and

finance ministries said. The effective date depends on when the

U.S. action takes effect.

MSCI's broadest index of Asia-Pacific shares outside Japan

fell as much as 1.3 percent to its lowest in

over one month.

Shares in Thailand slumped 2.3 percent to their

lowest close in over three months.

Thai shares fell largely due to external factors as

investors worry about a trade war, said Teerada Charnyingyong,

an analyst at Phillip Capital Thailand.

"From a technical point of view, it couldn't stand above

1,760 which is quite an important psychological level for the

Thai stock market," Charnyingyong added.

Kasikornbank Pcl shed 7.8 percent while Siam

Commercial Bank PCL fell 2.4 percent.

Singapore, one of the more expensive markets in Asia

and highly exposed to global trade, ended 2.1 percent lower at

its lowest since October 2017.

DBS Group Holdings Ltd fell 2.6 percent, hitting a

near 2-month low, while Oversea-Chinese Banking Corp Ltd

dropped 3.2 percent, hitting an over 1-month low.

Malaysian shares ended the session 1.9 percent down

at a near two-month closing low.

CIMB Group Holdings Bhd and Malayan Banking Bhd

fell 4.2 percent and 1.7 percent lower, respectively.

Indonesian shares ended the session 1.2 percent

lower. The index of the country's 45 most liquid stocks

fell 1.3 percent.

Bank Negara Indonesia (Persero) TBK PT shed 4.1

percent and Bank Mandiri (Persero) TBK PT fell 2.6

percent.

Vietnam shares were the only gainers in the region,

rising 0.3 percent, helped by Vingroup JSC, which

jumped 4.3 percent to a record closing high, while Vietnam Dairy

Products JSC gained 3.3 percent.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: Change on the day

Market Current Previous close Pct Move

Singapore 3339.7 3412.15 -2.12

Bangkok 1724.98 1765.24 -2.28

Manila 7997.67 8048.72 -0.63

Jakarta 6157.096 6229.013 -1.15

Kuala Lumpur 1815.94 1850.78 -1.88

Ho Chi Minh 1191.54 1188.29 0.27

Change on year

Market Current End 2017 Pct Move

Singapore 3339.7 3402.92 -1.86

Bangkok 1724.98 1753.71 -1.64

Manila 7997.67 8558.42 -6.55

Jakarta 6157.096 6355.654 -3.12

Kuala Lumpur 1815.94 1796.81 1.06

Ho Chi Minh 1191.54 984.24 21.06

(Reporting by Nicole Pinto; Editing by Amrutha Gayathri)