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SE Asia Stocks-Singapore extends gain, Vietnam scales new peak

* Indonesian shares on track for 6th straight weekly drop

* Vietnam rises for 3rd session, Singapore up for 2nd day

* Philippines on track for 2nd straight weekly gain

By Nicole Pinto

April 6 (Reuters) - Singapore and Vietnam shares extended

gains on Friday while other Southeast Asian markets slipped as

investors awaited China's response after U.S. President Donald

Trump proposed $100 billion in additional tariffs.

"The silver lining is that Trump did open a path for

de-escalation, stating that the U.S. is prepared to have

discussions," Mizuho Bank said in a note.

"The ball is now in China's court to either play hardball or

change to a more conciliatory tone. Markets are thinking that

much is posturing for negotiations, but the risk is that

tit-for-tat can spiral beyond a point where it becomes hard for

both sides to walk back."

The S&P 500 E-mini futures were down 1.2 percent,

pointing to a lower start for Wall Street later in the global

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

was slightly higher.

Vietnam shares rose for a third straight session and

hit a new high of 1,202.59.

Vingroup JSC rose 1.2 percent, while Vietnam Joint

Stock Commercial Bank for Industry and Trade jumped 2.3


The benchmark stock index has gained over 2 percent so far

this week in what could be its eighth straight weekly rise. It

has added nearly 22 percent this year after a 48 percent jump in


Singapore shares climbed for a second day in a row on

the back of gains in financials. DBS Group Holdings Ltd

, the city-state's biggest lender, and Oversea-Chinese

Banking Corp Ltd both gained nearly 1 percent.

Philippine shares were slightly down, but were on

track to post their second consecutive weekly gain.

Ayala Corp rose as much as 2.5 percent and Bank of

the Philippine Islands climbed 1.4 percent.

If not for volatility in the global markets Philippine

shares would have risen as the country is in the midst of a

technical rally, said Jose L. Vistan, research head at

Manila-based AB Capital Securities.

Indonesian shares were marginally lower and were set

to post their sixth straight weekly drop.

Bank Central Asia Tbk PT declined up to 1.7

percent, while Bank Mandiri (Persero) Tbk PT skid

nearly 2 percent to a three-month low.

The Thai stock market was closed for a holiday.

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Current Previous Close Pct Move

Singapore 3425.02 3405.65 0.57

Manila 8015.24 8022.16 -0.09

Jakarta 6180.806 6183.227 -0.04

Kuala Lumpur 1833.73 1836.13 -0.13

Ho Chi Minh 1199.16 1193.17 0.50

Change on year

Market Current End 2017 Pct Move

Singapore 3425.02 3402.92 0.65

Manila 8015.24 8558.42 -6.35

Jakarta 6180.806 6355.654 -2.75

Kuala Lumpur 1833.73 1796.81 2.05

Ho Chi Minh 1199.16 984.24 21.84

(Reporting by Nicole Pinto; Editing by Subhranshu Sahu)