SE Asia Stocks-Rise; Philippines jumps 2 pct

* Philippines rises for 3rd session to 6-week top

* Indonesia gains for fifth consecutive session

By Syed Saif Hussain Naqvi

July 26 (Reuters) - Southeast Asian stock markets rose on

Thursday, in line with broader Asia after U.S. President Donald

Trump and European Commission President Jean-Claude Juncker

agreed to begin talks to lower tariffs, easing immediate

concerns about worsening global trade tensions.

The European Commission and the United States agreed to work

together to slash industrial tariffs on both sides and increase

U.S. exports of liquefied natural gas and Soybeans to Europe,

among others.

This boosted investor risk appetite which has been muted

lately on concerns over a full-blown trade war.

"Regional markets are higher today after the U.S. and Europe

agreed to sign a trade pact agreement, which eased trade war

concerns," said Lexter Azurin, an analyst with AB Capital

Securities.

Asian shares ex-Japan reflected the positive

sentiment and rose for a third straight session, up by 0.1

percent.

Philippine shares rose 2 percent to a six-week high,

extending gains into a third session. All sectors traded in

positive territory with industrials leading the gains.

SM Investments Corp and SM Prime Holdings

were the top contributors, rising 1.7 percent and 2.5 percent

respectively, ahead of earnings.

The market has gained on anticipation of solid

second-quarter earnings which are due over the next few weeks,

said Lexter.

The market rose as much as 2.3 percent on Wednesday after

the International Monetary Fund said the country was likely to

sustain economic growth of 6.7 percent this year and in 2019.

Thai shares gained as much as 0.7 percent, boosted

by energy and financial stocks.

PTT PCL and PTT Exploration and Production PCL

were among the top boosts, up about 1 percent and 1.5

percent respectively.

Singapore shares inched higher, with gains in

financials outweighing losses in telecommunication stocks.

Gains in Oversea-Chinese Banking Corp, United

Overseas Bank and DBS group Holdings helped

the benchmark stock index trade higher for a sixth session in

eight.

Indonesian shares gained up to 0.6 percent on the

back of financials, while Malaysian stocks edged higher

on utilities.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS as at 0351 GMT

Market Current Previous Pct Move

close

Singapore 3329.82 3326.83 0.09

Bangkok 1700.6 1690.08 0.62

Manila 7657.77 7514 1.91

Jakarta 5953.813 5933.889 0.34

Kuala Lumpur 1765.14 1763.78 0.08

Ho Chi Minh 923.56 927.58 -0.43

Change on year

Market Current End 2017 Pct Move

Singapore 3329.82 3402.92 -2.15

Bangkok 1700.6 1753.71 -3.03

Manila 7657.77 8558.42 -10.52

Jakarta 5953.813 6355.654 -6.32

Kuala Lumpur 1765.14 1796.81 -1.76

Ho Chi Minh 923.56 984.24 -6.17

(Editing by Subhranshu Sahu)