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SE Asia Stocks-Tread water amid fears over global economy; Indonesia gains

* Singapore shares flat, Q3 GDP growth misses expectations

* Indonesian stocks climb after two sessions of losses

By Aman Swami

Nov 22 (Reuters) - Indonesian shares gained on Thursday,

clawing back some of the previous session's losses, while

lingering fears over U.S. monetary policy tightening and slowing

global economy kept most Southeast Asian stock markets on the


Broader Asian shares ticked up slightly, drawing confidence

from overnight gains on Wall Street after a selloff earlier this

week in technology heavyweights.

However, tensions over Sino-U.S. trade ahead of a

high-stakes meeting this month between U.S. President Donald

Trump and Chinese President Xi Jinping kept investor sentiment

fragile in Asia.

Indonesian shares gained 0.6 percent, after two

losing sessions, led by financials and consumer staples.

"I think investors are considering Indonesia as an

relatively insulated market during this tech and export driven

retreat," said Taye Shim, head of research and strategist at

Mirae Asset Sekuritas.

"Further, Indonesia surprised the market with its recent

rate hike – which we think is a country specific relief factor,

which reinforced investor sentiment on the Indonesian market."

Indonesia's central bank on Nov.15 unexpectedly raised its

benchmark interest rate for the sixth time this year, as

policymakers struggle to reduce imports and lower the country's

current-account deficit.

Thai shares also edged higher, propped up by gains

in energy and consumer stocks.

Demand for energy stocks was boosted by an overnight

recovery in oil prices.

Gas and petroleum supplier PTT PCL and convenience

stores operator CP All PCL climbed marginally.

Singapore shares were little changed after the

city-state's third-quarter GDP data showed economic growth was

slower than expected.

Conglomerate Jardine Matheson Holdings Ltd gained

as much as 2.8 percent, while Wilmar International Ltd

slipped 1.6 percent.

The government also flagged further moderation in the

current quarter and warned that the U.S.-Sino trade war will

hurt growth in 2019.

"Broadly, global demand may be dampened by moderating US

growth (amid fading fiscal stimulus) and US-China trade tensions

compound drag in Asia via China," Vishnu Varathan, senior

economist at Mizuho Bank said in a note.

Philippines shares inched lower, as industrials and

real estate stocks such as SM Prime Holdings and SM

Investment posted losses.

For Asian Companies click;


Market Current Previous Close Pct Move

Singapore 3040.27 3038.65 0.05

Bangkok 1618.39 1617.33 0.07

Manila 7254.49 7265.45 -0.15

Jakarta 5982.005 5948.052 0.57

Kuala Lumpur 1692.68 1695.37 -0.16

Ho Chi Minh 924.88 922.56 0.25

Change on year

Market Current End 2017 Pct Move

Singapore 3040.27 3402.92 -10.66

Bangkok 1618.39 1753.71 -7.72

Manila 7254.49 8558.42 -15.24

Jakarta 5982.005 6355.654 -5.88

Kuala Lumpur 1692.68 1796.81 -5.80

Ho Chi Minh 924.88 984.24 -6.03

(Reporting by Shreya Mariam Job and Aman Swami; Editing by

Amrutha Gayathri)