SE Asia Stocks-Most down; Philippines recovers to end higher for 5th session

Feb 20 (Reuters) - Most Southeast Asian stock markets fell

in line with broader Asia on Tuesday but Philippine shares

recouped early losses to finish higher for a fifth straight

session, their longest winning streak since December.

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

shed 0.4 percent after European equities fell.

U.S. markets were shut on Monday for a holiday. The S&P 500

futures were down 0.4 percent at 0825 GMT.

"Rising bond yields in the United States are hurting

regional markets," said Lexter Azurin, a senior equity analyst

at AB Capital.

U.S. benchmark 10-year yields, which move inversely to

prices, are edging towards the four-year highs reached last

week.

"For the U.S. market, there will be a close eye on the

upcoming Federal Open Market Committee meeting. We will probably

get an indication from the Fed," Azurin added.

Indonesian shares ended the session 0.4 percent

lower after briefly touching a fresh record high. Bank Mandiri

(Persero) Tbk PT, up 6.8 percent at a closing high,

helped cushion the fall.

Bank Central Asia Tbk PT, down 0.9 percent, was

the biggest drag on the index. Conglomerate Astra International

Tbk PT fell 1.5 percent.

An index of the country's 45 most liquid stocks

declined 0.5 percent.

Philippine shares reversed early losses to end 0.1

percent higher, led by index heavyweight SM Investments Corp

, up 1.4 percent.

Telco PLDT Inc rose 2.6 percent to its best close

since Jan-end, helping offset losses in financials.

Singapore shares slipped 0.3 percent, weighed down by

real estate and telecom stocks.

Singapore Telecommunications fell 1.5 percent,

while City Developments Ltd and CapitaLand Ltd

dropped 3 percent and 1.9 percent, respectively.

The city-state unveiled several tax measures on Monday,

including increasing the top marginal buyer's stamp duty on

residential property worth more than S$1 million, raising the

excise duty on tobacco products and introducing GST on imported

services from 2020.

Malaysia ended marginally lower, while Thai shares

fell 0.5 percent.

Vietnam was closed for a holiday.

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SOUTHEAST ASIAN STOCK MARKETS

Market Current Previous close Pct Move

Singapore 3476.53 3487.88 -0.33

Bangkok 1801.02 1809.67 -0.48

Manila 8722.7 8710.22 0.14

Jakarta 6662.876 6689.287 -0.39

Kuala Lumpur 1855.99 1857.32 -0.07

Change on year

Market Current End 2017 Pct Move

Singapore 3476.53 3402.92 2.16

Bangkok 1801.02 1753.71 2.70

Manila 8722.7 8558.42 1.92

Jakarta 6662.876 6355.654 4.83

Kuala Lumpur 1855.99 1796.81 3.29

(Reporting by Chris Thomas in Bengaluru; Editing by Vyas Mohan)