* Singapore, Philippines, Malaysia up over 1 pct
* Thailand closes at over 2-week high
By Christina Martin
Feb 19 (Reuters) - Southeast Asian stock markets rose on
Monday as global shares extended gains, recovering from a recent
selloff sparked by fears of creeping inflation, with Indonesia
recording its best close ever helped by financials and
MSCI's broadest index of Asia-Pacific shares outside Japan
rose 0.4 percent.
"Equity investors continue to rebuke the wall of worry
stemming from an increase in U.S. inflation and higher yields,"
said Stephen Innes, head of trading in Asia-Pacific for Oanda in
Indonesia gained 1.5 percent to record its best
close ever, boosted by financials and materials.
Bank Central Asia Tbk PT and Indah Kiat Pulp &
Paper Tbk PT added 3.4 percent and 8.9 percent,
An index of the country's most liquid stocks rose
Singapore shares rose 1.3 percent to their best close
in two weeks, with financials and real estates leading the
Oversea-Chinese Banking Corporation Ltd rose 1.3
percent while Hongkong Land Holdings Ltd gained nearly
Philippine shares gained more than 1 percent to an
over two-week closing high, with financials and real estate
BDO Unibank Inc, up 3.8 percent at a three-week
closing high, was the top gainer on the main index, .
Malaysian shares gained for a fifth straight
sessions, rising 1 percent to over a two-week closing high, as
financials and utilities pushed the index higher.
CIMB Group Holdings Bhd jumped 1.1 percent to a
near-two week closing high, while Petronas Gas Bhd
finished at its highest since Jan 15, up over 6 percent.
Thailand edged up 0.2 percent, led by consumer
Thailand's economy posted its strongest growth in five years
last year, with solid exports and tourism giving the government
confidence to maintain the country's growth outlook for 2018.
Vietnam was closed for a holiday.
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SOUTHEAST ASIAN STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3487.88 3443.51 1.29
Bangkok 1809.67 1805.89 0.21
Manila 8710.22 8612.44 1.14
Jakarta 6689.287 6591.582 1.48
Kuala Lumpur 1857.32 1838.28 1.04
Change so far in 2018
Market Current End 2017 Pct Move
Singapore 3487.88 3402.92 2.50
Bangkok 1809.67 1753.71 3.19
Manila 8710.22 8558.42 1.77
Jakarta 6689.287 6355.654 5.25
Kuala Lumpur 1857.32 1796.81 3.37
(Reporting by Christina Martin in Bengaluru; Editing by Vyas