SE Asia Stocks-Most slip on global oil supply fears; Indonesia gains

* Thailand falls for fifth session

* Indonesia index gains most in nearly a year

By Karthika Suresh Namboothiri

May 9 (Reuters) - Most Southeast Asian stock markets fell on

Wednesday in line with broader Asia, after oil prices

sky-rocketed to an over 3-year high as President Donald Trump

pulled the United States out of the Iran nuclear deal, while

Indonesian shares surged.

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

dipped as renewed U.S. sanctions on Tehran could

be disruptive for many companies that have deals with Iran.

Oil prices rose as much as 2.8 percent, likely

curbing Iran's crude exports in an already tight market.

"Asian markets are quite susceptible to foreign pressure

because they are heavily dependent on oil," said Manny Cruz, an

analyst at the Manila-based Asiasec Equities Inc.

Inflation is a concern for most Asian economies and it may

impair growth in the near term if oil prices stay above $70 per

barrel, he said. "That will continue to weaken sentiment in

equities."

An International Monetary Fund (IMF) official said the IMF

was not too worried about recent selling pressure on assets in

Indonesia and the Philippines as it was not triggered by

domestic factors.

Indonesian shares erased early losses to end 2.3

percent higher, their biggest daily gain in a year. PT Unilever

Indonesia rose 5.1 percent, while PT Bank Central Asia

ended 4 percent higher.

An index of Indonesia's 45 most liquid stocks rose

3.7 percent.

Among markets that fell, Philippines ended 0.3

percent lower, with financials leading falls. Security Bank Corp

lost 4 percent.

The Philippine Statistics Authority released preliminary

data earlier in the day, indicating that trade deficit for March

had narrowed.

Singapore closed marginally higher. Keppel Corp

, a holding company engaged in offshore oil rigging,

ended 2.6 percent higher.

Thai index slipped 0.1 percent, its lowest close in

three weeks, with gains in energy stocks curbed by losses in

telecom.

Natural gas suppliers PTT Public edged 1.8 percent

higher, while telecom services provider Advanced Info Services

shed 4.4 percent.

Malaysia was closed for general elections.

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SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3548.54 3543.17 0.15

Bangkok 1756.9 1760.25 -0.19

Manila 7555.27 7577.57 -0.29

Jakarta 5907.938 5774.716 2.31

Ho Chi Minh 1056.97 1060.45 -0.33

Change on year

Market Current End 2017 Pct Move

Singapore 3548.54 3402.92 4.28

Bangkok 1756.9 1753.71 0.18

Manila 7555.27 8558.42 -11.72

Jakarta 5907.938 6355.654 -7.04

Ho Chi Minh 1056.97 984.24 7.39

(Reporting by Karthika Suresh Namboothiri; Editing by Gopakumar

Warrier)