SE Asia Stocks-Most markets subdued in line with broader Asia, Vietnam hits new high

* Philippine shares hit near 2-week high

* Vietnam up for third session in four

By Nicole Pinto

April 4 (Reuters) - Most Southeast Asian stock markets were

subdued on Wednesday as fears of a trade war escalated after the

United States announced additional tariffs on imports from

China, while Vietnam shares scaled a new high.

After market hours on Tuesday, U.S. President Donald Trump

announced 25 percent tariffs on $50 billion of annual imports

from China, covering around 1,300 industrial technology,

transport and medical products.

China's commerce ministry said on Wednesday it "strongly

condemns and firmly opposes" the proposed U.S. tariffs and will

take counter measures, according to the official Xinhua news

agency.

Broader Asian shares excluding Japan were

marginally lower, falling 0.07 percent.

Singapore shares fell as much as 0.5 percent, dragged

by financials.

Oversea-Chinese Banking Corp Ltd dropped 1.2

percent to a more than 1-1/2-month low, while DBS Group Holdings

Ltd and United Overseas Bank Ltd both

declined about 0.9 percent.

Thai shares were little changed as gains in the

telecom sector was offset by losses in financial stocks.

True Corporation PCL rose as much as 0.7 percent

to its highest since Nov. 11, 2016 while Kasikornbank PCL

dropped 2.4 percent.

Philippine shares rose as much as 0.5 percent before

paring the gains.

"The index has come down by nearly 1,000 points from its

peak this year, so there could be some opportunistic bargain

hunting," said Fio Dejesus, an equity research analyst at RCBC

Securities.

Consumer food and beverage company Universal Robina Corp

climbed as much as 2.2 percent, while SM Prime Holdings

Inc rose 0.9 percent.

Vietnam shares climbed over 1 percent to a record

high of 1,200.580. Real estate investment firm Vingroup JSC

rose 2.6 percent to a record high after having gained

58.2 percent this year as of Tuesday's close.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS : Change as at 0346 GMT

Market Current Previous close Pct Move

Singapore 3393.63 3412.15 -0.54

Bangkok 1767.67 1765.24 0.14

Manila 8057.86 8048.72 0.11

Jakarta 6235.68 6229.013 0.11

Kuala Lumpur 1847.55 1850.78 -0.17

Ho Chi Minh 1197.16 1188.29 0.75

Change on year

Market Current End 2017 Pct Move

Singapore 3393.63 3402.92 -0.27

Bangkok 1767.67 1753.71 0.80

Manila 8057.86 8558.42 -5.85

Jakarta 6235.68 6355.654 -1.89

Kuala Lumpur 1847.55 1796.81 2.82

Ho Chi Minh 1197.16 984.24 21.63

(Reporting by Nicole Pinto; Editing by Subhranshu Sahu)