* Thailand reverses track from previous session to gain
* Indonesia on track for third session of gains
By Soumyajit Saha
Aug 9 (Reuters) - Southeast Asian stock markets rose on
Friday, with Indonesia leading the gains, buoyed by a surprise
rise in China's July exports.
Trade surplus in China, the region's largest trading
partner, stood at $45.06 billion in July, well above a Reuters
poll forecast of $40 billion, despite U.S. tariffs that had
kicked in during May. "Markets are taking some relief from the stronger-than-
expected Chinese trade," Edward Moya, senior market analyst at
OANDA, said in a note, adding that though Chinese exports to the
US are falling, "demand has been steady everywhere else."
China's consumer inflation rose more than expected in July,
but factory gate prices fell for the first time in nearly three
years. Banking stocks helped the Indonesian index .JKSE lead
gains in the region, with lenders Bank Central Asia BBCA.JK
and Bank Rakyat Indonesia (Persero) BBRI.JK rising 1% and
0.9%, respectively.
An index of Jakarta's 45 most liquid stocks .JKLQ45 rose
0.4%.
Thai stocks .SETI advanced, helped by gains in the
financial and energy sectors. Lender Bangkok Bank PCL BBL.BK
rose 2.4%, while oil and gas distributor PTT PCL PTT.BK gained
0.6%.
The Malaysian index .KLSE were marginally higher, helped
by financial stocks. Lender Public Bank Bhd PUBM.KL was 0.8%
up, while RHB Bank BHD RHBC.KL rose 0.4%.
Philippine stocks .PSI were nearly flat, as gains in
financial and telecom services offset losses in the industrial
and utilities sectors.
Trading in Singapore was closed for a public holiday.
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SOUTHEAST ASIAN STOCK MARKETS AS AT 0354 GMT
Market Current Previous close Pct Move
Bangkok 1668.25 1665.12 0.19
Manila 7921.28 7914.16 0.09
Jakarta 6291.698 6274.671 0.27
Kuala Lumpur 1617.54 1616.02 0.09
Ho Chi Minh 977.37 975.24 0.22
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3168.94 3068.76 3.26
Bangkok 1668.25 1563.88 6.67
Manila 7921.28 7,466.02 6.10
Jakarta 6291.698 6,194.50 1.57
Kuala Lumpur 1617.54 1690.58 -4.32
Ho Chi Minh 977.37 892.54 9.50