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SE Asia Stocks-Philippines, Singapore extend falls as sentiment sours

By Susan Mathew

Oct 21 (Reuters) - The Philippine index ended lower on

Friday as concerns about the Duterte government's foreign

alliances spooked sentiment while shares in Singapore fell for a

second session.

The index extended declines from Thursday to end 0.8

percent lower as President Duterte's increasing alignment with

China while "separating" from the United States was not well

received by investors..

However, the index was up 3.53 percent for the week.

Trade Minister Ramon Lopez's clarification on Friday that

the archipelago nation will maintain its trade and economic ties

with the U.S. also failed to lift the market.

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"Sector-wise, among the weakest would be the property

sector, so there are some concerns about the statement from the

President (Duterte) because there might be some possible

weakness in demand for office properties because it is currently

BPO-sector driven," said April Lee-Tan, Vice President at COL

Financial Group.

Property developer SM Prime Holdings and real

estate conglomerate Ayala Land shed nearly 2 percent

and 1 percent respectively.

Sentiment in the region was also hurt by U.S. stocks ending

down after a choppy session on Thursday as investors digested

the latest round of corporate results.

Singapore shares fell for a second day on weak oil

prices, but gained 0.56 percent over the week.

The oil & gas index was 1.3 percent lower,

with oil-rig builder Keppel Corp down over 2.5

percent.

Indonesian stocks ended marginally higher. The index

had eased slightly earlier in the day, shrugging off a

25-basis-point rate cut by the central bank after market hours

on Thursday. The index gained 0.17 percent this week.

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

was down 0.4 percent.

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SOUTHEAST ASIAN STOCK MARKETS:

Change on day

Market Current Prev Close Pct Move

Singapore 2831.06 2842.62 -0.41

Bangkok 1500.37 1492.73 0.51

Manila 7650.22 7713.32 -0.82

Jakarta 5409.243 5403.69 0.10

Kuala Lumpur 1669.98 1667.18 0.17

Ho Chi Minh 684.83 686.39 -0.23

Change on year

Market Current End 2015 Pct Move

Singapore 2831.06 2882.73 -1.79

Bangkok 1500.3 1288.02 16.48

Manila 7650.22 6952.08 10.04

Jakarta 5409.243 4593.008 17.77

Kuala Lumpur 1669.98 1692.51 -1.33

Ho Chi Minh 684.83 579.03 18.27

(Reporting by Susan Mathew in Bengaluru; Editing by Sunil Nair)