October 31, 2018 / 4:29 AM / 16 days ago

SE Asia Stocks-Most markets rise tracking Wall Street

    * Indonesian shares come off 1-week high
    * Malaysian shares rise ahead of budget

    By Shanima A
    Oct 31 (Reuters) - Most Southeast Asian stock markets rose
on Wednesday following a rebound on Wall Street, although
escalating Sino-U.S. trade war tensions kept investors in check.
    On Wall Street, all 11 major S&P 500 sectors ended higher a
day after a volatile session that pushed the benchmark S&P 500
lower and close to confirming its second correction of 2018.

    MSCI's broadest index of Asia-Pacific shares outside Japan
 rose slightly but has lost roughly 11 percent so
far this month, the biggest since September 2011.
    Meanwhile, data showed China's manufacturing sector in
October expanded at the weakest pace in over two years, hurt by
slowing domestic and external demand, in a sign of deepening
cracks in the economy from an intensifying trade war with the
United States.
    In Southeast Asia, Philippine shares rose for a third
session in four, helped by gains in industrial and real estate
stocks.
    The recovery in U.S. equities is helping the Philippine
market, said April Lee-Tan, head of research at COL Financial
INC.
    Index heavyweights JG Summit Holdings Inc Aboitiz
Equity Ventures Inc rose more than 2 percent each. 
    Malaysian shares climbed for a third straight
session ahead of budget on Friday.
    The country's newly elected government, led by Prime
Minister Mahathir Mohamad, is set to deliver an austerity
flavoured first budget, having unearthed more debt left behind
by the previous administration, and needing extra revenue after
ditching an unpopular consumption tax.
    Singapore shares climbed as much as 0.9 percent, but
were headed for their worst month since January 2016. 
    Financial services provider DBS Group Holdings Ltd
 rose 1.8 percent, heading for its first session of gain in
five.
    Thai shares rose ahead of September trade data, with
energy and banking stocks leading the gains. 
    Brent crude futures gained 36 cents, or 0.5 percent,
bolstering appetite for the country's oil-focused firms.
    Energy giant PTT Pcl climbed as much as 2 percent
to a near one-week top. 
    Indonesian shares came off a one-week high to trade
marginally lower as losses in telecom stocks outweighed gains in
the material and financial counters.    

For Asian Companies click;  

SOUTHEAST ASIAN STOCK MARKETS AS AT 0422 GMT
    
  Market           Current       Previous close  Pct Move
  Singapore        2985.85       2966.45         0.65
  Bangkok          1653.11       1638.51         0.89
  Manila           7079.43       7016.06         0.90
  Jakarta          5781.952      5789.1          -0.12
  Kuala Lumpur     1695.14       1685.94         0.55
  Ho Chi Minh      900.31        888.69          1.31
                                                 
  Change on year                                 
  Market           Current       End 2017        Pct Move
  Singapore        2985.85       3402.92         -12.26
  Bangkok          1653.11       1753.71         -5.74
  Manila           7079.43       8558.42         -17.28
  Jakarta          5781.952      6355.654        -9.03
  Kuala Lumpur     1695.14       1796.81         -5.66
  Ho Chi Minh      900.31        984.24          -8.53
 
 (Reporting by Shanima A in Bengaluru; Editing by Subhranshu
Sahu)
  
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