SE Asia Stocks-Tepid; Philippines ends lower as industrials sell-off weighs

* Philippines sees net foreign outflows of $17.5 mln during

trade

* Indonesia outperforms peers in region

* Vietnam extends losses into ninth session

By Shanima A

Oct 30 (Reuters) - Most Southeast Asian stock markets were

subdued on Tuesday after China made a fresh attempt to

stabilise its stock markets amid fears of further escalation in

the Sino-U.S. trade war.

China, the biggest trade partner for most of the Southeast

Asian countries, said it would encourage share buybacks, mergers

and acquisitions by listed firms, and would enhance market

liquidity.

Comments by U.S President Donald Trump, who predicted a

"great" deal with China in an interview on Fox News, also

weighed on sentiment.

Indonesian stocks recovered from previous session's

trough to lead the gains among regional markets. Banking and

telecom stocks accounted for most of the gains with Bank Central

Asia Tbk closing 1.6 percent firmer.

Thai shares extended gains into a second session,

buoyed by commodities sector, with petroleum explorer PTT Pcl

adding 1 percent to the bourse.

Malaysian shares pared early gains to close marginally

higher.

The country's benchmark index rose on hopes that the

government will announce cost-saving measures at its inaugural

budget 2019 speech on Nov. 2, said Redza Rahman, head of

research, MIDF.

The Malaysian government during it mid-term review said it

would cut development spending and rely more on the private

sector to spur growth.

A rout in the industrial stocks caused Philippine

shares to end 1.3 percent weaker. The index will be closed for

national holiday on Thursday and Friday.

"Given the global rise in volatility, I think there is an

ongoing sell-off. Foreign investors are especially better off

investing in other markets rather than having their money

stocked here for two days," said Rachelle Cruz, analyst, AP

Securities.

The Philippines market saw net foreign outflows of $17.5

million during the session, according to Refinitiv Eikon data.

Conglomerates SM Investments Corp and JG Summit

Holdings Inc each closed more than 1.7 percent lower.

Singapore shares ended 0.5 percent weaker, with

lender DBS Group Holdings Ltd closing 1 percent lower.

Vietnam shares ended marginally lower, posting their

ninth straight sessions of declines.

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SOUTHEAST ASIAN STOCK MARKETS

Market Current Previous close Pct Move

Singapore 2966.45 2981.54 -0.51

Bangkok 1638.51 1636.88 0.10

Manila 7016.06 7109.03 -1.31

Jakarta 5789.1 5754.607 0.60

Kuala Lumpur 1685.94 1683.73 0.13

Ho Chi Minh 888.69 888.82 -0.01

Change on year

Market Current End 2017 Pct Move

Singapore 2966.45 3402.92 -12.83

Bangkok 1638.51 1753.71 -6.57

Manila 7016.06 8558.42 -18.02

Jakarta 5789.1 6355.654 -8.91

Kuala Lumpur 1685.94 1796.81 -6.17

Ho Chi Minh 888.69 984.24 -9.71

(Reporting by Shanima A in Bengaluru; Editing by Sherry

Jacob-Phillips)