SE Asia Stocks-Rise with Wall St tide; Philippines extends gains

* Philippines top pct gainer in region, closes 1.6 pct

higher

* Indonesian stocks hit two-week closing high

By Rashmi Ashok

Oct 17 (Reuters) - Most Southeast Asian stock markets closed

sharply higher on Wednesday, as strong overnight gains on Wall

Street boosted Asian equities across the board.

U.S. stocks surged more than 2 percent on Tuesday after

upbeat earnings reports from major companies and solid economic

data, boosting Asian shares on Wednesday. MSCI's broadest index

of Asian stocks outside Japan gained 0.5

percent.

Philippine stocks closed 1.6 percent higher,

extending gains to a second day, as a sell-off in equities last

week turned valuations more attractive, boosting bargain buying.

Lender BDO Unibank Inc rose nearly 3.7 percent to

an over one-week high, while conglomerate Ayala Corp

gained 1.6 percent.

Singapore shares ended 1.2 percent higher, recouping

some of the losses over the last two sessions.

Oversea-Chinese Banking Corp climbed 1.7 percent

and industrial conglomerate Jardine Matheson Holdings Ltd

gained 0.9 percent.

"As valuations remain attractive in Singapore, it's not

surprising to find bargain hunting after the recent selloff,"

said Liu Jinshu, director of research at NRA Capital.

The index was further boosted by upbeat data on non-oil

domestic exports growth, which accelerated in September helped

by a surge in pharmaceutical shipments.

Malaysian stocks were boosted by hotel operator

Genting Malaysia Berhad, which gained over 3 percent.

Telecom service provider Digi.Com Berhad rose 1.4

percent and was among top gainers after it posted growth in

quarterly earnings.

Indonesian equities climbed 1.2 percent to a

two-week closing high, boosted by gains in telecom and material

stocks. PT Telekomunikasi Indonesia Tbk gained 3.2

percent and mobile phone service provider PT XL Axiata Tbk

added 1.4 percent.

However, Thai shares finished 0.2 percent lower,

erasing gains earlier in the session.

Airport operator Airports of Thailand PCL fell 1.2

percent and telecom service provider Advanced Info Service PCL

lost 0.8 percent.

Vietnamese stocks notched gains across all sectors,

boosted by real-estate and banking stocks, and closed 0.9

percent higher.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS

Market Current Previous close Pct Move

Singapore 3071.1 3034.31 1.21

Bangkok 1695.04 1697.87 -0.17

Manila 7099.68 6987.02 1.61

Jakarta 5868.62 5800.817 1.17

Kuala Lumpur 1740.59 1736.84 0.22

Ho Chi Minh 971.6 963.37 0.85

Change on year

Market Current End 2017 Pct Move

Singapore 3071.1 3402.92 -9.75

Bangkok 1695.04 1753.71 -3.35

Manila 7099.68 8558.42 -17.04

Jakarta 5868.62 6355.654 -7.66

Kuala Lumpur 1740.59 1796.81 -3.13

Ho Chi Minh 971.6 984.24 -1.28

(Reporting by Rashmi Ashok; Editing by Amrutha Gayathri)