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SE Asia Stocks-Largely up; Philippine shares rise 2 percent

By Susan Mathew

Nov 17 (Reuters) - Most Southeast Asian markets rose on

Thursday as U.S. Treasury yields eased in Asian trade, dragging

the dollar off its highest level since April 2003 set overnight.

The dollar index, which measures the greenback

against a basket of major currencies, slipped 0.12 percent to

100.290, as moderate U.S. inflation data drove a flattening of

the U.S. Treasury yield curve.

"The dollar has been easing a little, that could be the

reason for the wider market. I think it's not so much as foreign

buying but an easing of foreign selling (of equities)," said

Victor Felix, equity analyst at Manila-based AB Capital

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Securities.

Philippine shares rose as much as 2.15 percent, their

biggest intraday percentage gain in nearly a month, as data on

Thursday showed the economy grew 7.1 percent year on year in the

third quarter, beating expectations.

The GDP expansion was supported by growth in the services,

industry and farm sectors and was the first publication of

quarterly GDP growth data under President Rodrigo

Duterte.

The index was driven by industrials and consumer stocks with

conglomerate Ayala Corp and food product company

Universal Robina Corp gaining over 2 percent each.

"The probability of a rate hike next month is almost

certain, so I think investors are moving to the emerging markets

just for the short term, before the December (U.S. Federal

Reserve) meeting," added Felix.

Financials were up in four of the six regional markets,

ahead of the Fed meeting.

Roughly 85 percent of 62 respondents in a survey taken after

the U.S. Presidential election vote said the Fed would go ahead

with a rate rise in December.

Financial shares led the gains in Singapore with DBS

Holdings up 1.23 percent and United Overseas Bank

rising 1.36 percent.

Investors also shrugged off the worse-than-expected fall in

October exports in Singapore, as non-oil domestic exports slid

12 percent from a year earlier.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS; CHANGE AT 0505 GMT

Market Current Previous Close Pct Move

Singapore 2809.77 2793.99 0.56

Bangkok 1475.28 1474.64 0.04

Manila 7020.73 6966.28 0.78

Jakarta 5183.647 5185.465 -0.04

Kuala Lumpur 1625.15 1627.63 -0.15

Ho Chi Minh 675.52 674.6 0.14

Change this year

Market Current End 2015 Pct Move

Singapore 2809.77 2882.73 -2.53

Bangkok 1475.28 1288.02 14.54

Manila 7020.73 6952.08 0.99

Jakarta 5183.647 4593.008 12.86

Kuala Lumpur 1625.15 1692.51 -3.98

Ho Chi Minh 675.52 579.03 16.66

(Reporting by Susan Mathew in Bengaluru; additional reporting

by Sindhu Chandrasekaran and Aparajita Saxena; Editing by Sunil

Nair)