SE Asia Stocks-Philippine, Thailand gain 1 pct; others lacklustre

* Investors cautious, eye Trump-Xi meet next week

* Singapore edges higher; CPI up less than expected

By Aman Swami

Nov 23 (Reuters) - Philippine and Thai stocks were the top

gainers on Friday, while other markets in the region saw

lacklustre trade as investors were still unnerved by Sino-U.S.

trade concerns ahead of a meeting between leaders of the two

countries next week.

"Global market retreat is driven by tech and export market

turbulence whereas Southeast Asia is more of a domestic-driven

economy rather than exports and tech serving economy," said Taye

Shim, head of research and strategist with Mirae Asset

Sekuritas.

Investors are now turning their focus towards emerging

markets, he added.

The Philippine index rose 1 percent, driven by gains

in real estate and financial stocks. It gained 3.6 percent

during the week.

"The region was advancing when the Philippines was left

behind but the Philippines is really coming off a low pace and

the valuations seems better, and with the macro factors at play

like inflation expected to trim down in the coming month, stocks

are rising," said Fio Dejesus, equity research analyst at RCBC

Securities.

Conglomerate Ayala Land rallied 3.8 percent, while

Bank of the Philippine Islands jumped 3.6 percent.

Thai shares climbed 1.1 percent on gains across the

board, but were down 0.8 percent for the week.

Index heavyweight Airports of Thailand PCL soared

2.4 percent, while gas and petroleum supplier PTT PCL

closed 1.6 percent up.

Singapore shares edged 0.4 percent higher with

Singapore Airlines Ltd gaining 1.8 percent and lender

Oversea-Chinese Banking Corp. Ltd up 0.8 percent.

The city-state's headline consumer price index rose less

than expected at 0.7 percent in October from a year earlier,

unchanged from September.

Indonesian shares added 0.3 percent, extending gains

to a second straight session but shed 0.1 percent for the week.

Consumer and material stocks boosted the index with Pikko

Land Development Tbk PT firming 16.2 percent and Astra

Agro Lestari Tbk PT jumping 3.5 percent.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Previous Close Pct Move

Singapore 3052.49 3041.38 0.37

Bangkok 1622.1 1604.4 1.10

Manila 7340.18 7268.38 0.99

Jakarta 6006.202 5990.81 0.26

Kuala Lumpur 1695.88 1695.62 0.02

Ho Chi Minh 917.97 924.42 -0.70

Change on year

Market Current End 2017 Pct Move

Singapore 3052.49 3402.92 -10.30

Bangkok 1622.1 1753.71 -7.50

Manila 7340.18 8558.42 -14.23

Jakarta 6006.202 6355.654 -5.50

Kuala Lumpur 1695.88 1796.81 -5.62

Ho Chi Minh 917.97 984.24 -6.73

(Reporting by Aman Swami; Editing by Sunil Nair)