SE Asia Stocks-Decline on concerns of global trade war

* Asian shares ex-Japan fall 1.1 pct

* Philippines drops 1.5 pct to over 10-week low

* Singapore shares fall 1 pct

By Aditya Soni

March 2 (Reuters) - Southeast Asian stock markets fell on

Friday, tracking a rout in broader Asian equities, as U.S.

President Donald Trump's plan to press hefty tariffs on steel

and aluminium imports sparked fears of a global trade war.

Wall Street posted steep losses overnight after Trump's

announcement on tariffs.

MSCI's broadest index of Asia-Pacific shares outside Japan

sank 1.1 percent in the session.

"Given uncertainty whether the move presages a path of

increased tariff application for the US, we expect risk

sentiment to remain fragile for now," said Mizuho Bank in a

note.

Singapore shares fell 1 percent, dragged mostly by

financials.

DBS Group Holdings Ltd, the city-state's biggest

stock by market capitalization, dipped 1.7 percent to a more

than two-week low, while United Overseas Bank Ltd

slipped 1.1 percent.

Philippine shares declined as much as 1.5 percent,

the biggest percentage drop in Southeast Asia, to touch a more

than ten-week low.

Industrials accounted for about half the losses, with SM

Investments Corp falling 2.1 percent and JG Summit

Holdings Inc sliding 4.2 percent.

Indonesian shares shed 0.6 percent, dragged by

financials and energy stocks. Bank Central Asia Tbk PT

fell 0.9 percent to a more than four-week low and accounted for

most of losses.

Thai shares dipped as much as 0.6 percent, their

biggest intraday percentage drop in more than a week. Data

released earlier in the day showed that the country's inflation

rate eased in February missing forecasts and below the central

bank's goal.

The headline consumer price index increased 0.42 percent in

February from a year earlier, after January's 0.68 percent rise,

giving policymakers leeway to keep monetary policy loose to aid

economic growth.

Malaysian shares fell slightly, while Vietnam shares

slid 0.4 percent.

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SOUTHEAST ASIAN STOCK MARKETS: Change at 0403 GMT

Market Current Previous close Pct Move

Singapore 3478.84 3513.85 -1.00

Bangkok 1822.56 1830.13 -0.41

Manila 8375.11 8465.77 -1.07

Jakarta 6568.024 6606.053 -0.58

Kuala Lumpur 1858.3 1860.86 -0.14

Ho Chi Minh 1111.84 1115.79 -0.35

Change on year

Market Current End prev yr Pct Move

Singapore 3478.84 3402.92 2.23

Bangkok 1822.56 1753.71 3.93

Manila 8375.11 8,558.42 -2.14

Jakarta 6568.024 6,355.65 3.34

Kuala Lumpur 1858.3 1796.81 3.42

Ho Chi Minh 1111.84 984.24 12.96

(Reporting by Aditya Soni in Bengaluru; Editing by Amrutha

Gayathri)