SE Asia Stocks-Indonesia slides; others fall on renewed trade tensions

* Indonesia posts near 2-week closing low

* Singapore falls for 4th straight session

By Sumeet Gaikwad

Sept 3 (Reuters) - Indonesian stocks fell on Monday as the

rupiah fell to a 20-year low and as inflation picked up at a

slower rate than expected, while other markets in the region

also declined, due to concerns about an escalation in the

U.S.-China tariff dispute.

Indonesia's annual inflation rate picked up slightly in

August but was below market expectation and remained within the

central bank's target range.

Stocks in other South East Asian markets also fell after

U.S. President Donald Trump said he was ready to implement

tariffs on $200 billion more in Chinese imports as soon as a

public comment period on the plan ended this week.

The Jakarta index fell to a near two-week closing

low, its third straight daily decline, hurt by losses in

material stocks. Indah Kiat Pulp & Paper shed 3

percent, while Astra International slipped 1.7

percent.

The index of the country's 45 most liquid stocks

was down 1.1 percent. Local currency rupiah fell to its

lowest since the Asian financial crisis after the central bank

said it was intervening in foreign exchange and bond markets.

Indonesian interest rates may still need to go up

significantly to help counter a slide in the rupiah, the chief

executive of the country's largest bank said.

On the Singapore index, financials and telecom stocks

led the decline, to the lowest close in almost two weeks. United

Overseas Bank fell 1 percent, while Singapore

Telecommunications Ltd was off 0.9 percent.

Philippine shares ended 0.3 percent lower as consumer

discretionary and financial stocks weighed. Fast-food

restaurants operator Jollibee Foods, the biggest drag

on the index, and Ayala Corp fell over 2 percent each.

Meanwhile, Thai shares ended largely unchanged as

losses in telecom and financial stocks offset gains in energy

and consumer staples shares.

SIAM Commercial Bank was the biggest drag on the

benchmark, falling 1 percent, while beverage group Carabao

saw a 6.5 percent rise.

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SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3207.2 3213.48 -0.20

Bangkok 1721.21 1721.58 -0.02

Manila 7832.22 7855.71 -0.30

Jakarta 5967.579 6018.46 -0.85

Kuala Lumpur 1813.58 1819.66 -0.33

Ho Chi Minh 989.54 998.07 -0.85

Change on year

Market Current End 2017 Pct Move

Singapore 3207.2 3402.92 -5.75

Bangkok 1721.21 1753.71 -1.85

Manila 7832.22 8558.42 -8.49

Jakarta 5967.579 6355.654 -6.11

Kuala Lumpur 1813.58 1796.81 0.93

Ho Chi Minh 989.54 984.24 0.54

(Reporting by Sumeet Gaikwad in Bengaluru; Editing by Sai

Sachin Ravikumar)