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SE Asia Stocks-Philippine index slips, others subdued as trade war fears persist

* Philippine shares fall for sixth straight day

* Singapore July retail sales data expected

* Malaysian stocks fall 0.7 percent

By Karthika Suresh Namboothiri

Sept 12 (Reuters) - Philippine shares fell for the sixth

straight session on Wednesday while other Southeast Asian

markets were largely subdued in line with broader Asia, as

sentiment was hit by an intensifying trade conflict between the

United States and China.

Economic woes in other emerging markets such as Turkey and

South Africa and worries about quickening inflation in the

Philippines have contributed to a roughly 5 percent slide in

Manila's benchmark index over the past six sessions.

Industrial stocks SM Investments and JG Summit

, which slipped some 2 percent each, led the decline on

the Philippine index.


"While (emerging) markets have been calmer recently, or at

least less turbulent, there is still significant scope for

further volatility", Mohamed A. El-Erian, Chief Economic Advisor

at Allianz SE, told the Reuters Global Markets Forum on

Wednesday.

In retaliation to threats from the United States about a

possible imposition of tariffs on all Chinese imports, China

told the World Trade Organization on Tuesday it wanted to impose

$7 billion a year in sanctions on Washington.

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

hovered near its lowest level since July 2017.

Singaporean shares were largely unchanged ahead of

the release of retail sales data for July.

Conglomerate Jardine Matheson shed about 1.7

percent and fell to a 19-month low, while Thai Beverage PCL

gained 3.3 percent.

Indonesian stocks climbed 0.7 percent and hit a more

than one-week high, boosted largely by consumer and energy

stocks.

Unilever Indonesia rose 2.4 percent, while Adaro

Energy gained 2.6 percent.

An index of the country's 45 most liquid stocks

climbed 0.5 percent.

Vietnamese shares rose 0.8 percent and saw their

fourth straight day of gains. Oil refiner Petrovietnam Gas

was the top boost to the index, rising 3.6 percent.

Malaysian stocks resumed trade following two days of

holidays, and slipped about 0.7 percent. Telecom group Axiata

lost as much as 4.6 percent.

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SOUTHEAST ASIAN STOCK MARKETS AS AT 0421 GMT

Change on the day

Market Current Previous close Pct Move

Singapore 3106.55 3109.91 -0.11

Bangkok 1672.9 1672.42 0.03

Manila 7494.22 7518.01 -0.32

Jakarta 5854.886 5831.117 0.41

Kuala Lumpur 1787.11 1799.17 -0.67

Ho Chi Minh 992.55 985.06 0.76

Change on year

Market Current End 2017 Pct Move

Singapore 3106.55 3402.92 -8.71

Bangkok 1672.9 1753.71 -4.61

Manila 7494.22 8558.42 -12.43

Jakarta 5854.886 6355.654 -7.88

Kuala Lumpur 1787.11 1796.81 -0.54

Ho Chi Minh 992.55 984.24 0.84

(Additional Reporting by Divya Chowdhury in Mumbai; editing by

Sai Sachin Ravikumar)