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SE Asia Stocks-Philippines inches down; Indonesia retreats ahead of FX data

BANGKOK, Oct 4 (Reuters) - Philippine shares edged lower on

Friday as investors fretted over higher-than-expected inflation

in September, while Indonesia retreated from three sessions of

gains on caution ahead of foreign exchange reserves data due

later in the day.

The Philippine main index fell 0.2 percent, having

climbed over the past three days, boosted by Moody's sovereign

rating upgrade and after the Asian Development Bank raised its

growth forecast for the country.

The benchmark is set to end the week a tad lower, a second

straight week of declines.

Philippine annual inflation rose more-than-expected to 2.7

percent in September, while the central bank governor said the

monetary policy remained appropriate and inflation was expected

to remain manageable for the foreseeable future.

Indonesia's index slipped 0.8 percent as investors

took profits in shares such as Bank Rakyat Indonesia

and Semen Indonesia.

Citi Research expected the market to remain volatile in the

near-term, until economic data improved.

"Although the market could see short-term volatility, we

remain positive in the medium term despite the upcoming

election. Our economist expects the current account deficit to

improve in the third quarter," Citi said in a report dated Oct.


Indonesia is expected to hold general elections in 2014.

Several markets in the region saw light sessions and are

heading for a second week of losses, including Indonesia and

Singapore, amid rising risk aversion associated with the partial

government shutdown in the United States.

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Change at 0625 GMT

Market Current Prev Close Pct Move

TR SE Asia Index* 409.04 409.74 -0.17

Singapore 3139.58 3144.79 -0.17

Kuala Lumpur 1774.30 1771.37 +0.17

Bangkok 1423.72 1429.18 -0.38

Jakarta 4384.57 4418.64 -0.77

Manila 6380.26 6387.65 -0.12

Ho Chi Minh 497.73 492.30 +1.10