SE Asia Stocks-Philippines sheds over 1 pct; others wary before U.S. tariff deadline

* Philippines snaps 4-day rally, sees worst day in a week

Singapore rises for second straight day

By Sumeet Gaikwad

July 5 (Reuters) - Philippine shares fell more than 1

percent on Thursday after the country's June inflation hit an

over five-year high, while other markets in the region were

subdued on caution ahead of Friday's deadline for further U.S.

tariffs on Chinese goods.

The Philippine consumer price index stood at 5.2 percent in

June, above the 4.8 percent forecast in a Reuters poll, raising

expectations of a third interest rate hike this

year.

"Inflation data is negative for equity markets and it could

(trigger) more rate hikes, which might result in slower growth

going forward," said Charles William Ang, associate analyst at

COL Financial Group.

Financial and industrial stocks weighed on the benchmark

with blue-chip SM Investments Corp and Ayala Corp

slipping 2.8 percent and 2.1 percent, respectively.

"Base case of at least (the) central bank and analysts is

that inflation would remain high this year and may normalize

next year," Ang added.

Meanwhile, other markets in the region were subdued on

worries that further U.S. tariffs on China would be met with a

tit-for-tat response from the world's second-largest economy.

.

Indonesian shares fell 0.4 percent, weighed down by

financial and consumer stocks. Unilever Indonesia and

Bank Central Asia, fell 0.5 percent and 1 percent,

respectively, on profit-booking.

An index of the country's 45 most liquid stocks

fell 0.8 percent.

Singapore stocks rose for a second straight day, led

by real estate and telecom shares. Market heavyweight Singapore

Telecommunications rose 1.3 percent while property

investor UOL Group gained more than 4.4 percent.

Malaysian shares were trading marginally higher amid

thin volumes ahead of the country's trade data for May due later

in the day.

Malaysia's exports are expected to have grown 6.4 percent in

May from a year earlier, slowing sharply from the previous

month, a Reuters poll showed.

Vietnam's Ho-Chi-Minh index was trading 0.3 percent

higher.

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SOUTHEAST ASIAN STOCK MARKETS: CHANGE AS AT 0359 GMT

Change on the day

Market Current Previous close Pct Move

Singapore 3247.69 3244.89 0.09

Bangkok 1612.94 1629.2 -1.00

Manila 7243.95 7348.42 -1.42

Jakarta 5711.318 5733.639 -0.39

Kuala Lumpur 1688.43 1688.45 0.00

Ho Chi Minh 917.5 914.99 0.27

Change on year

Market Current End 2017 Pct Move

Singapore 3247.69 3402.92 -4.56

Bangkok 1612.94 1753.71 -8.03

Manila 7243.95 8558.42 -15.36

Jakarta 5711.318 6355.654 -10.14

Kuala Lumpur 1688.43 1796.81 -6.03

Ho Chi Minh 917.5 984.24 -6.78

(Reporting by Sumeet Gaikwad in Bengaluru; Editing by Vyas

Mohan)