SE Asia Stocks-Singapore snaps 2 days of gains, Vietnam slumps

* Thailand down after three sessions of gains

* Philippines jumps to one-week closing high

By Karthika Suresh Namboothiri

July 11 (Reuters) - Singapore shares snapped two straight

sessions of gains on Wednesday with financials leading the

decline, while Vietnam stocks slumped 2 percent to an

eight-month closing trough.

Broader investor sentiment was low as U.S. threats of

tariffs on an additional $200 billion worth of Chinese goods

pushed the world's two biggest economies ever closer to a

full-scale trade war.

Singapore's FTSE Straits Times Index closed 0.8

percent lower, with Oversea-Chinese Banking Corp and

DBS Group Holdings shedding 2 percent and 1.1 percent,

respectively.

"If overall regional and China-centric trade flows decline,

the Singapore economy will likely take a hit due to its

dependence on trade and manufacturing activities," OCBC Bank

said in a note.

Vietnam shares extended losses into a third session

with financial services provider Vietcombank closing

3.6 percent lower.

Thai shares snapped three consecutive sessions of

gains and closed 0.4 percent lower. PTT Public Co fell

0.5 percent and Airports of Thailand dropped 1.2

percent.

Philippine shares rose 1.4 percent to a one-week

closing high with industrials at the helm.

"Despite Philippine's trade exposure to China and U.S. being

relatively high, given that a majority of the country's growth

is fuelled by domestic consumption, it is less susceptible to

trade fluctuations as compared to other ASEAN countries," OCBC

Bank added.

SM Investments climbed 4.2 percent, while Ayala Land

gained 2.1 percent.

Malaysian shares erased early losses to close

marginally higher.

Earlier in the day, the central bank kept its key interest

rate at 3.25 percent at its first policy meeting under the newly

appointed central bank governor.

Indonesian shares closed 0.2 percent higher with

Astra International being the biggest boost.

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SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3249.08 3274.83 -0.79

Bangkok 1636.63 1643.6 -0.42

Manila 7333.73 7233.29 1.39

Jakarta 5893.359 5881.76 0.20

Kuala Lumpur 1688.77 1687.13 0.10

Ho Chi Minh 893.16 911.12 -1.97

Change on year

Market Current End 2017 Pct Move

Singapore 3249.08 3402.92 -4.52

Bangkok 1636.63 1753.71 -6.68

Manila 7333.73 8558.42 -14.31

Jakarta 5893.359 6355.654 -7.27

Kuala Lumpur 1688.77 1796.81 -6.01

Ho Chi Minh 893.16 984.24 -9.25

(Reporting by Karthika Suresh Namboothiri; Editing by

Subhranshu Sahu)