U.S. Markets closed

SE Asia Stocks-Singapore falls over 1 pct on financials

* Singapore posts fourth weekly gain in five

* Thailand snaps five straight weekly gains

* Philippines down after 4 straight weekly gains

By Sumeet Gaikwad

Aug 10 (Reuters) - Singapore shares fell over 1 percent on

Friday as global trade worries and weak oil prices hurt investor

risk appetite, while most other Southeast Asian stock markets

were subdued in the absence of supportive news.

Singapore's FTSE Straits Times Index closed 1.3

percent lower, but posted a rise of 0.6 percent for the week in

their fourth weekly gain in five.

Financials were the top losers on Friday with DBS Group

Holdings Ltd shedding 1.6 percent, while

Oversea-Chinese Banking Corp Ltd declined 1.7 percent.

Among other losers, Keppel Corp Ltd fell 2.9 percent.

"Investors are generally cautious after more muted guidance

from companies following the release of second-quarter results.

Most companies generally met expectations. However, the tariffs

being implemented by China and the United States are starting to

impact the real economy," said Liu Jinshu, director of research

at NRA Capital.

Global trade tensions deepened following Washington's threat

that it would impose fresh sanctions on Russia after it found

that Moscow had used a nerve agent against a former Russian

double agent and his daughter in Britain.

Oil prices declined on worries that an escalating trade

dispute between Washington and Beijing will stall economic

growth and demand for fuel.

"Oil prices are dipping towards recent lows, and this could

increase headwinds to the offshore marine sector and Singapore

banks' loan portfolio," said Wei Liang Chang, an FX strategist

with Mizuho Bank.

Thai shares closed 1 percent lower, snapping three

straight sessions of gains, with consumer staples and energy

stocks leading the decline.

Convenience store operator CP All Pcl fell 3.7

percent and PTT Exploration and Production shed 2.1


For the week, Thai shares fell 0.4 percent after five

straight weeks of gains.

Philippines stocks erased early gains to close

marginally lower, dragged by financials.

Ayala Corp was the biggest drag on the index with a

drop of 2.5 percent, while International Container terminal

Services declined 2.8 percent.

For the week, Philippine shares closed marginally lower,

snapping four consecutive weekly gains.

Indonesian shares closed higher for a second session

in three and posted their third consecutive weekly gain.

Consumer products maker Unilever Indonesia was the

biggest contributor with a gain of 1.3 percent, while Bank

Rakyat Indonesia rose 1.8 percent.

An index of the country's 45 most liquid stocks

climbed 0.3 percent.

For Asian Companies click;


Change on day

Market Current Previous Close Pct Move

Singapore 3284.78 3326.74 -1.26

Bangkok 1705.96 1722.48 -0.96

Manila 7804.98 7820.71 -0.20

Jakarta 6077.173 6065.256 0.20

Kuala Lumpur 1805.75 1804.95 0.04

Ho Chi Minh 968.47 963.5 0.52

Change on year

Market Current End 2017 Pct Move

Singapore 3284.78 3402.92 -3.47

Bangkok 1705.96 1753.71 -2.72

Manila 7804.98 8558.42 -8.80

Jakarta 6077.173 6355.654 -4.38

Kuala Lumpur 1805.75 1796.81 0.50

Ho Chi Minh 968.47 984.24 -1.60

(Reporting by Sumeet Gaikwad in Bengaluru; Editing by

Subhranshu Sahu)