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SE Asia Stocks-Indonesia rises after Fitch affirms rating; others subdued

* Indonesia gained from improved risk appetite towards

emerging

markets - Fitch

* Philippines, Malaysia and Thailand edge lower

By Rashmi Ashok

March 14 (Reuters) - Indonesian shares rose on Thursday

after Fitch affirmed Jakarta's rating with a stable outlook,

while other southeast Asian markets struggled as investors

turned cautious amid mixed economic data from China.

The main Jakarta stock index, which had traded

sideways early in the day, settled 0.6 percent higher after the

global ratings agency affirmed the country's credit rating at

'BBB' with its outlook as stable.

"Indonesia has benefitted from improved global risk appetite

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towards emerging markets following the U.S. Fed's shift to more

dovish monetary policy communication late last year," the agency

noted.

The agency added that Indonesia's ratings balance a

favourable GDP growth outlook and a small government debt burden

with external challenges.

Boosting the index were consumers stocks. Paper product

makers Indah Kiat Pulp & Paper Tbk rose 3.1 percent

while Pabrik Kertas Tjiwi Kimia Tbk gained 6.1

percent.

Singapore index pared losses to end little changed as

lenders UOL Group Ltd rose 1.8 percent while DBS Group

Holdings Ltd added 0.5 percent.

Vietnamese stocks rose as utilities and industrial

stocks boosted the index, but gains were capped by a drop in

consumer shares.

Oil and gas refiner Petrovietnam Gas JSC rose 0.7

percent, while construction company Coteccons Construction

advanced 1.6 percent.

Meanwhile, Thailand, Malaysia and Philippines lost ground as

caution took hold after mixed data emerged from China.

China's January-February industrial output slipped to a

17-year low, but investment picked up pace during the period as

the government boosted road and rail projects in a bid to avert

a slowdown.

Philippine shares were dragged by industrial

heavyweights such as JG Summit Holdings Inc and SM

Investments Corp.

Malaysian stocks also edged lower, with

telecommunications major Axiata Group Berhad losing

about 1.4 percent.

Consumer stocks such as Home Product Center PCL

and Siam Makro PCL dragged the Thai index lower

.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3197.92 3195.59 0.07

Bangkok 1635.88 1639.67 -0.23

Manila 7750.42 7766.15 -0.20

Jakarta 6413.266 6377.575 0.56

Kuala Lumpur 1674.52 1678.24 -0.22

Ho Chi Minh 1008.44 1005.41 0.30

Change so far in 2019

Market Current End 2018 Pct Move

Singapore 3197.92 3068.76 4.21

Bangkok 1635.88 1563.88 4.60

Manila 7750.42 7,466.02 3.81

Jakarta 6413.266 6,194.50 3.53

Kuala Lumpur 1674.52 1690.58 -0.95

Ho Chi Minh 1008.44 892.54 12.99

(Reporting by Rashmi Ashok; Editing by Shreejay Sinha)