SE Asia Stocks-Most markets fall; China GDP growth slows in Q2

* Indonesia down after 5 sessions of gains

* Vietnam up for third consecutive session

By Karthika Suresh Namboothiri

July 16 (Reuters) - Most Southeast Asian stock markets

declined on Monday on expectation of fund outflows to developed

economies and as China's economic growth failed to whet investor

appetite amid an intensifying trade spat between the world's top

two economies.

China's economy expanded at a slower pace in the second

quarter as Beijing's crackdown on debt risks crimped activity,

while June factory output growth weakened to a two-year low in a

worrying sign as a heated trade war with the United States

threatens to knock exports.

Investors are optimistic ahead of what is expected to be a

strong second-quarter earnings season on Wall Street, and

therefore, likely to redirect funds out of Asia to the United

States, said Joel NG, an analyst at KGI Securities.

"U.S. stocks have been very vigilant, the Nasdaq has been

hitting new highs lately, partly due to global repositioning of

funds where they are headed towards developed countries and

those with strong earnings growth."

Traders are now looking to June retail sales from the United

States.

Singapore shares slid as much as 0.7 percent with

financials leading the decline.

United Overseas Bank Ltd fell over 1.5 percent and

Oversea-Chinese Banking Corp shed 1.2 percent.

Philippine shares were down after four straight

sessions of gains with index heavyweights SM Investments Corp

and Ayala Corp down about 1 percent each.

Indonesian shares erased early gains to trade 0.5

percent lower after five consecutive sessions of gains. Astra

International was the biggest drag with a drop of 2.6

percent.

Thai shares fell 0.4 percent with Siam Cement

declining nearly 2 percent, while Vietnam stocks

extended gains into a third session.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS AS AT 0342 GMT

Market Current Previous close Pct Move

Singapore 3233.97 3260.35 -0.81

Bangkok 1638.39 1643.52 -0.31

Manila 7353.19 7399.18 -0.62

Jakarta 5893.774 5944.074 -0.85

Kuala Lumpur 1719.08 1721.93 -0.17

Ho Chi Minh 916.67 909.72 0.76

Change on year

Market Current End 2017 Pct Move

Singapore 3233.97 3402.92 -4.96

Bangkok 1638.39 1753.71 -6.58

Manila 7353.19 8558.42 -14.08

Jakarta 5893.774 6355.654 -7.27

Kuala Lumpur 1719.08 1796.81 -4.33

Ho Chi Minh 916.67 984.24 -6.87

(Reporting by Karthika Suresh Namboothiri; Additional reporting

by Syed Saif Hussain Naqvi

Editing by Subhranshu Sahu)