SE Asia Stocks-Subdued as weak U.S. jobs data deepens global growth concerns

* Philippines top loser, slips over 1 pct

* Investors cautious amid Sino-U.S. talks, Brexit vote

* Malaysia closes at over 2-month low

By Rashmi Ashok

March 11 (Reuters) - Southeast Asian stocks slipped on

Monday, with Philippines losing most as weak U.S. employment

data following last week's disappointing China trade data

aggravated concerns about a slowdown in global growth.

Shares in the region fell after data showed that headline

U.S. jobs growth stalled in February to register the smallest

gain since September 2017, rattling investors who were still

reeling from weak trade data posted by China on Friday.

Philippine stocks were the worst performers in the

region, shedding over 1 percent as heavyweights like SM

Investments Corp and BDO Unibank Inc came under

pressure.

"Investors are starting to become concerned about a

significant economic slowdown over the next two years, and this

will have an impact on risk assets like equities... the outlook

is not very bright for some of the major economies, especially

China," said Fio Dejesus, equity research analyst at RCBC

Securities.

Top drags on the index among financials were Bank of the

Philippine Islands, which fell 2.7 percent, and

Metropolitan Bank & Trust Company, which shed 2

percent.

A weak economic data from China, which is Southeast Asia's

largest trading partner, has hit sentiment and stoked worries in

the region over an economic slowdown amid Beijing's damaging

trade war with the United States.

Malaysian shares also shed nearly 1 percent to end

at an over 2-month low, with glove manufacturers Hartalega

Holdings Ltd and Top Glove Corp Ltd shedding

about nearly 5 and 3 percent respectively.

Indonesian stocks edged lower, dragged by material

and financial stocks such as paper manufacturer PT Indah Kiat

Pulp & Paper Tbk and lender PT Bank Mega Tbk

.

Singapore's index also inched down, with top

percentage loser Singapore Exchange Ltd down about 3.7

percent.

Investors await a slew of economic data this week, including

trade figures from the Philippines and Malaysia amid a

high-stakes Brexit vote in the UK parliament and Sino-U.S. trade

negotiations.

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SOUTHEAST ASIAN STOCK MARKETS

Change on the day

Market Current Previous close Pct Move

Singapore 3191.42 3195.87 -0.14

Bangkok 1627.43 1630.12 -0.17

Manila 7708.72 7797.11 -1.13

Jakarta 6366.434 6383.068 -0.26

Kuala Lumpur 1664.63 1679.9 -0.91

Ho Chi Minh 984.6 985.25 -0.07

Change so far in 2019

Market Current End 2018 Pct Move

Singapore 3191.42 3068.76 4.00

Bangkok 1627.43 1563.88 4.06

Manila 7708.72 7,466.02 3.25

Jakarta 6366.434 6,194.50 2.78

Kuala Lumpur 1664.63 1690.58 -1.53

Ho Chi Minh 984.6 892.54 10.31

(Reporting by Rashmi Ashok in Bengaluru; Editing by Shreejay

Sinha)