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SE Asia Stocks-Philippines rebounds; Singapore hits 22-month low

* Philippines notches gains on bargain hunting

* Vietnam on approaches seventh straight session of losses

* Singapore set for fourth consecutive week in the red

By Rashmi Ashok

Oct 26 (Reuters) - Philippines shares regained their footing

on Friday after steep falls in the previous session as investors

snapped up beaten down stocks, while other markets in the region

fell in line with broader Asia as they failed to shrug off a

dismal Thursday.

The previous session saw sharp losses in the Philippines and

other regional markets, as a tech-fuelled rout on Wall Street

spooked investors across Asia, leading to a massive sell-off in

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regional equities.

Asian bourses are likely to benefit from "tentative

bottom-fishing", analysts at OCBC said in a note.

The Philippine index, which has been the region's

worst performer this year and the biggest loser in the previous

session, rose 0.7 percent, boosted by real-estate stocks.

"This is a short-lived bounce, since it was the worst

performer and had seen a steep drop yesterday, I think investors

think the 6,900 level of the index is a good time to buy... the

last time it hit that level, investors bought back," said Miguel

Ong, research analyst at AP Securities.

Real estate conglomerate Ayala Land Inc gained 2.1

percent and SM Investments Corp added 1.5 percent.

Indonesian shares also ticked up, helped by telecom

and financial stocks. Sector heavyweight PT Telekomunikasi

Indonesia Tbk rose 0.8 percent and PT Bank Central

Asia Tbk rose 0.9 percent.

Vietnamese stocks were on track for a seventh losing

session and a fourth straight week of losses, with real estate

stocks and industrials being the biggest drags on the benchmark.

Vinhomes Joint Stock Company fell 3.7 percent and

No Va Land Investment Group Corporation lost 3.1

percent.

Singapore stocks approached their lowest in nearly 22

months, falling 1.7 percent and on track for a fourth week in

the red. Financial heavyweights like United Overseas Bank Ltd

lost 3.5 percent and DBS Bank's parent company DBS

Group Holdings Ltd lost 2.6 percent.

Thai shares failed to sustain the previous session's

brief bounce and looked set to post a fourth week of losses. Its

energy sector, which drove a turnaround in the index in the

previous session, was the biggest drag.

Oil and gas giant PTT PCL lost 2 percent, while

PTT Exploration and Production PCL traded 2.2 percent

lower.

Malaysian stocks edged lower on the back of telecom

stocks, with Telekom Malaysia Berhad shedding 1.3

percent and wireless service provider Digi.Com Berhad

losing 1.7 percent.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS AS AT 0351 GMT

Market Current Previous close Pct Move

Singapore 2961.22 3012.84 -1.71

Bangkok 1629.89 1644.33 -0.88

Manila 7015.08 6966.84 0.69

Jakarta 5762.146 5754.965 0.12

Kuala Lumpur 1681.71 1686.59 -0.29

Ho Chi Minh 908.44 910.17 -0.19

Change on year

Market Current End 2017 Pct Move

Singapore 2961.22 3402.92 -12.98

Bangkok 1629.89 1753.71 -7.06

Manila 7015.08 8558.42 -18.03

Jakarta 5762.146 6355.654 -9.34

Kuala Lumpur 1681.71 1796.81 -6.41

Ho Chi Minh 908.44 984.24 -7.70

(Reporting by Rashmi Ashok; Editing by Sunil Nair)