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SE Asia Stocks-Singapore snaps 3 sessions of gains; Philippines rises

* Singapore falls 1.8 pct, Philippines rises 1 pct

* Indonesia recovers from early falls to close higher

By Nikhil Subba

Nov 5 (Reuters) - Singapore shares slumped on Monday after

three straight sessions of sharp gains, while Philippine stocks

rose for a second session in a row.

Singapore's Straits Times index closed 1.8 percent

lower, making it the biggest loser in Southeast Asia.

Financials and industrials were the top losers. DBS Group

Holdings was the biggest drag on the benchmark with a

drop of 2.8 percent after the lender posted quarterly profit

slightly below estimates, flagging trade war worries and

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property cooling measures likely to hold back its loan book

growth next year.

Meanwhile, Asian stocks skidded on fears of faster rate

hikes in the United States and uncertainty around the Sino-U.S.

trade war.

The U.S. Labor Department released robust economic data for

October on Friday, raising the possibility of another interest

rate hike in December, which could hinder global economic

growth.

Investors were also worried about the trade spat between the

world's top two economies after White House's top economic

adviser said on Friday that Washington and China were not close

to a deal to resolve their trade differences.

Among other Southeast Asian markets, Philippine shares

closed 1 percent higher, helped by gains primarily in the

financial sector.

SM Investments Corp rose over 1 percent to its

highest close since Sept. 17, while LT Group Inc gained

2.48 percent.

Indonesian shares closed marginally higher, after

trading lower through most parts of the day on data showing slow

GDP growth in the third quarter.

Gross domestic product (GDP) expanded 5.17 percent in the

July-September quarter from a year earlier, compared with a 5.15

percent expansion expected in a Reuters poll and the second

quarter's 5.27 percent.

This points to tougher conditions for the Southeast Asian

economy which has struggled with capital outflows and weaker

exports and household spending.

Bank Central Asia was the biggest boost, rising

about 1 percent.

Malaysian shares ended lower after the government

chalked out a wider fiscal deficit target for the year, the

highest in five years.

Thai shares fell, dragged by oil stocks as crude

prices fell further.

Star Petroleum Refining was one of the biggest

losers among energy stocks, declining 4.9 percent to its lowest

in 1-1/2 weeks.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS:

Change on day

Market Current Previous Close Pct Move

Singapore 3060.62 3116.39 -1.79

Bangkok 1670.58 1681.84 -0.67

Manila 7213.44 7140.29 1.02

Jakarta 5920.594 5906.292 0.24

Kuala Lumpur 1708.8 1713.87 -0.30

Ho Chi Minh 925.53 924.86 0.07

Change on year

Market Current End 2017 Pct Move

Singapore 3060.62 3402.92 -10.06

Bangkok 1670.58 1753.71 -4.74

Manila 7213.44 8558.42 -15.72

Jakarta 5920.594 6355.654 -6.85

Kuala Lumpur 1708.8 1796.81 -4.90

Ho Chi Minh 925.53 984.24 -5.97

(Reporting by Nikhil Subba; Editing by Subhranshu Sahu)