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SE Asia Stocks-Most fall on Sino-U.S. trade war worries; Indonesia rises for 6th session

* Philippines down after 3 sessions of gains

* Malaysia slips after 4 sessions of gains

By Syed Saif Hussain Naqvi

July 27 (Reuters) - Most Southeast Asian stock markets

declined on Friday as simmering U.S.-China trade tensions kept

investor risk appetite low, while Indonesia extended gains on

robust corporate earnings.

The United State and Europe have agreed to work towards

lowering trade barriers, but talks between Washington and

Beijing are on the edge with President Donald Trump accusing

China of targeting American farmers through tariffs on soybeans,

dairy, meat and produce exports.

The Trump administration has imposed tariffs on $34 billion

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worth of goods from China. After Beijing retaliated in kind,

Washington announced levies on an additional $200 billion worth

of products and threatened more.

Investor now await June-quarter U.S. GDP figures later in

the session for cues about the world's top economy.

A July 18-23 poll of over 100 forecasters showed the U.S.

economy, set to hit a growth rate of 4.1 percent in the quarter

just ended, will lose some of its shine with growth easing each

quarter, slipping to about half that rate in the final three

months of 2019.

Philippine shares were the worst performer in

Southeast Asia, shedding as much as 0.7 percent after three

straight sessions of gains.

Industrials were the top losers with SM Investments Corp

and Aboitiz Equity Ventures declining 1 percent

and 2.3 percent, respectively.

Malaysian shares edged lower after four consecutive

sessions of gains, with losses in energy and financials

accounting for most of the decline.

Dialog Group BHD was the top drag with a drop of

4.3 percent on lower oil prices. Crude oil prices fell, with

Brent futures down 22 cents as of 0236 GMT.

Singapore shares fell marginally, dragged by

industrials.

Singapore Airlines declined 5.5 percent to a

three-week low after reporting a 59 percent plunge in

first-quarter profit on Wednesday.

Indonesian shares advanced for a sixth straight

session, driven largely by consumer stocks.

Conglomerate PT Astra International Tbk rose 2.3

percent after reporting an 11 percent jump in first-half net

income.

The Thailand stock market was closed for a holiday.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS

Market Current Previous Pct Move

close

Singapore 3322.1 3328.6 -0.20

Manila 7620.1 7665.85 -0.60

Jakarta 5966.424 5946.136 0.34

Kuala Lumpur 1762.43 1766.23 -0.22

Ho Chi Minh 936.14 930.16 0.64

Change on year

Market Current End 2017 Pct Move

Singapore 3322.1 3402.92 -2.38

Manila 7620.1 8558.42 -10.96

Jakarta 5966.424 6355.654 -6.12

Kuala Lumpur 1762.43 1796.81 -1.91

Ho Chi Minh 936.14 984.24 -4.89

(Reporting by Syed Saif Hussain Naqvi; Editing by Subhranshu

Sahu)