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SE Asia Stocks-Subdued; Malaysia snaps 9-session losing run

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* Malaysian shares see worst week since Aug 2015

* Philippine index posts biggest weekly fall in 5 years

By Nicole Pinto

June 22 (Reuters) - Southeast Asian stock markets were

subdued on Friday as investors assessed the likely fallout of

U.S.-China trade tensions on corporate results, while Malaysia

snapped nine sessions of losses led by gains in financial and

energy stocks.

Sentiment in the region took a hit after German carmaker

Daimler late on Wednesday cut its 2018 profit forecast, taking

investors by surprise.

"Markets might have been underestimating the potential

impact of global trade tensions", said Taye Shim, head of

research at Jakarta-based Mirae Asset Sekuritas.

Lenders gained after Malaysia's newly appointed central bank

governor, Nor Shamsiah Mohd Yunus, said she will focus on

financial stability.

The country's benchmark index snapped nine sessions

of decline and ended marginally higher, with oil stocks

contributing to the gains ahead of an OPEC meeting. The index is

however down 3.8 percent during the week, its biggest drop since

Aug 2015.

"I think today’s market movement is driven by the OPEC

development. Given the fragile market sentiment, any positive

development should act as a temporary relief for markets," said

Taye Shim, head of research at Jakarta-based Mirae Asset

Sekuritas.

OPEC moved closer towards boosting oil output as Saudi

Arabia and non-OPEC Russia said a production increase of about 1

million barrels per day had become a near-consensus proposal,

after major consumers warned of a supply shortage.

"We would remain cautious on the sustainability of the

rebound," Shim added.

Philippine shares fell for a seventh straight session

and were down 6.2 percent for the week, their biggest weekly

fall in five years.

Bank of the Philippine Islands and Aboitiz Equity

Ventures Inc fell nearly 3 percent each.

Indonesian shares extended losses to a fourth

session ahead of May trade data expected on Monday and were down

nearly 3 percent on week, their first weekly drop in four.

Meanwhile, Vietnam shares climbed 1.4 percent as

Vietnam Dairy Products JSC jumped 4.7 percent and Joint

Stock Commercial Bank for Foreign Trade of Viet Nam

climbed 3 percent.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous Close Pct Move

Singapore 3287.4 3300 -0.38

Bangkok 1634.98 1634.44 0.03

Manila 7063.2 7098.15 -0.49

Jakarta 5821.812 5822.333 -0.01

Kuala Lumpur 1694.15 1692.32 0.11

Ho Chi Minh 983.17 969.4 1.42

Change on year

Market Current End 2017 Pct Move

Singapore 3287.4 3402.92 -3.39

Bangkok 1634.98 1753.71 -6.77

Manila 7063.2 8558.42 -17.47

Jakarta 5821.812 6355.654 -8.40

Kuala Lumpur 1694.15 1796.81 -5.71

Ho Chi Minh 983.17 984.24 -0.11

(Reporting by Nicole Pinto; Editing by Vyas Mohan)