* China, U.S. set for second day of high-level trade talks
* Indonesia expected to post trade surplus for September
* Philippines rises for week after three weeks of losses
By Soumyajit Saha
Oct 11 (Reuters) - Southeast Asian stock markets ended
higher on Friday as risk sentiment was boosted by signs of
progress in China-U.S. trade talks.
China's foreign ministry said it hoped for more progress in
trade consultations, while U.S. President Donald Trump on
Thursday said negotiations were going "very, very good".
Trump said he planned to host China's top negotiator and
vice premier, Liu He, at the White House later on Friday.
A U.S. Chamber of Commerce official said chances of a
partial deal, with agreements on issues such as currencies and
copyright protections, were higher.
"The suspense of whether diplomatic furore, including the
'blacklist', would prematurely blow an interim deal out of the
water appears to be assuaged, if not lifted," Mizuho bank said
in a note to clients.
"Key to this turn in sentiments was the revival of
discussions on a currency deal; forming the basis for a quid pro
quo suspension of tariff escalation."
Indonesian stocks .JKSE closed at their highest in more
than a week, helped by heavyweights like Hanjaya Mandala
Sampoerna HMSP.JK rise 3.7%.
An index of Indonesia's 45 most liquid stocks .JKLQ45 rose
1.5%.
Indonesia is expected to post a trade surplus for a second
straight month in September amid a slower pace of decline in
exports and imports, a Reuters poll predicted ahead of official
data out Tuesday. Real estate and consumer sectors lifted the Philippine index
.PSI as it gained 1.9% for the week, after three weeks of
declines.
Property developer Ayala Land ALI.PS advanced 2.5%, while
conglomerate SM Investments SM.PS gained 1%.
Thai stocks .SETI ended higher to close the week 1.3%
firmer, helped by gains in the energy and utility sectors.
For Asian Companies click;
SOUTHEAST ASIAN STOCK MARKETS
STOCK MARKETS
Change on the
day
Market Current Previous Pct Move
close
Singapore 3113.97 3089.48 0.79
Bangkok 1626 1607.5 1.15
Manila 7849.94 7765.03 1.09
Jakarta 6105.8 6023.641 1.36
Kuala Lumpur 1556.84 1551.87 0.32
Ho Chi Minh 991.84 987.38 0.45
Change so far in
2019
Market Current End 2018 Pct Move
Singapore 3113.97 3068.76 1.47
Bangkok 1626 1563.88 3.97
Manila 7849.94 7,466.02 5.14
Jakarta 6105.8 6,194.50 -1.43
Kuala Lumpur 1556.84 1690.58 -7.91
Ho Chi Minh 991.84 892.54 11.13