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SE Asia Stocks-Most subdued; investors await development on trade talks

* Singapore up for sixth straight session

* Malaysia Feb trade data due later in day

By Shreya Mariam Job

April 4 (Reuters) - Most Southeast Asian stock markets were

subdued on Thursday as investors adopted a wait-and-see stance

awaiting further developments on the Sino-U.S. trade talks.

Trade talks between the United States and China made "good

headway" last week in Beijing and the two sides aim to bridge

differences during talks that could extend beyond three days

this week, White House economic adviser Larry Kudlow said.

"Risk sentiment will likely be mixed on Thursday as

investors digest developments on the trade front amid

disappointing US economic numbers," ING said in a note.

Singapore stocks edged higher, heading for a sixth

straight session of gains, supported by banks, while a 7 percent

fall in Genting Singapore Ltd capped the upside.

Resorts World at Sentosa Pte Ltd, an indirect unit of

Genting Singapore, has committed to invest about S$4.5 billion

($3.32 billion) for the expansion of the integrated resort on

the island of Sentosa.

Malaysia-listed Genting Bhd, the parent company of

Genting Singapore, dropped 2.5 percent.

DBS Holdings Group Ltd, Oversea-Chinese Banking

Corp Ltd and United Overseas Bank Ltd rose

0.2 percent to 1 percent.

Malaysian stocks traded on the fence ahead of

February trade data expected later in the day.

Malaysia's exports likely rose 1.4 percent in February from

a year earlier, slower than the previous month, a Reuters poll


Meanwhile, Malaysia will sell a superyacht allegedly bought

with stolen funds from state fund 1MDB to casino operator

Genting Malaysia Bhd for $126 million, in the first

major asset sale by Kuala Lumpur to recover billions lost from

the fund.

Shares of Genting Malaysia dipped 1.5 percent.

Indonesian shares rose marginally on the back of

financial and telecom stocks. Telekomunikasi Indonesia

climbed 1 percent and Bank Central Asia Tbk Pt firmed

0.6 percent.

Philippine shares slipped 0.5 percent, dragged by

industrials and financials.

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Change on the day

Market Current Previous close Pct Move

Singapore 3308.63 3311.27 -0.08

Bangkok 1649.75 1649.06 0.04

Manila 7857.04 7895.06 -0.48

Jakarta 6491.893 6476.066 0.24

Kuala Lumpur 1642.2 1643.21 -0.06

Ho Chi Minh 988.85 984.46 0.45

Change so far in 2019

Market Current End 2018 Pct Move

Singapore 3308.63 3068.76 7.82

Bangkok 1649.75 1563.88 5.49

Manila 7857.04 7,466.02 5.24

Jakarta 6491.893 6,194.50 4.80

Kuala Lumpur 1642.2 1690.58 -2.86

Ho Chi Minh 988.85 892.54 10.79

($1 = 1.3536 Singapore dollars)

(Reporting by Shreya Mariam Job in Bengaluru; Editing by

Subhranshu Sahu)