U.S. Markets closed

SE Asia Stocks-Surge after Sino-U.S. trade ceasefire

* Singaporean shares end near two-month high

* Vietnam leads gains in region

By Shreya Mariam Job

Dec 3 (Reuters) - Southeast Asian stocks surged on Monday,

tracking gains across broader Asia, after a truce in trade

relations between the United States and China.

Vietnamese shares led gains in the region with a 2.7 percent

rise, while Singaporean and Philippine stocks also advanced by

more than 2 percent.

Asian shares rallied and European and U.S. stocks were

expected to follow suit as the United States and China agreed to

halt additional tariffs, with further talks planned to reach an

agreement within 90 days.

"Markets are short-term focused and should be buoyed by

immediate relief that the sizeable tariff hike in January has

been deferred," said Wei Liang Chang, an FX strategist at Mizuho


The Vietnam index was boosted by Petrovietnam Gas

Joint Stock Corp, which jumped 6.8 percent, and Vietnam

Dairy Products JSC, which climbed 4.4 percent.

Singaporean shares clocked their highest close in

almost two months and marked a fourth successive session of


Genting Singapore surged 7.2 percent, while

Venture Corp Ltd strengthened 8.1 percent.

Philippine stocks snapped two sessions of losses to

end 2.2 percent higher. Industrial and real estate stocks

boosted the benchmark, with SM Investments Corp adding

4.4 percent and SM Prime Holdings Inc gaining 5.2


Meanwhile, Thai shares were driven 1.9 percent

higher by energy and financial stocks.

Inflation data for Thailand showed the annual headline

consumer price index rose 0.9 percent in November, marginally

falling short of the 1 percent rise predicted in a Reuters poll.

Indonesian shares rose 1 percent, helped by consumer

staples and financial stocks.

Indonesia also released inflation data, which showed a 3.23

percent rise in the annual consumer price index in November

compared with a year earlier, higher than the 3.15 percent

increase expected by analysts according to a Reuters poll.

Unilever Indonesia Tbk PT rose 3.7 percent, while

Bank Negara Indonesia (Persero) Tbk PT climbed 2.9


Malaysian stocks closed 1.2 percent higher,

strengthened by telecom and consumer non-cyclical shares.

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Change on the day

Market Current Previous close Pct Move

Singapore 3190.62 3117.61 2.34

Bangkok 1672.61 1641.8 1.88

Manila 7532.9 7367.85 2.24

Jakarta 6118.32 6056.124 1.03

Kuala Lumpur 1699.72 1679.86 1.18

Ho Chi Minh 951.59 926.54 2.70

Change on year

Market Current End prev yr Pct Move

Singapore 3190.62 3402.92 -6.24

Bangkok 1672.61 1753.71 -4.62

Manila 7532.9 8,558.42 -11.98

Jakarta 6118.32 6,355.65 -3.73

Kuala Lumpur 1699.72 1796.81 -5.40

Ho Chi Minh 951.59 984.24 -3.32

(Reporting by Shreya Mariam Job in Bengaluru; Editing by Sai

Sachin Ravikumar)