* Singapore lifted by industrials
* China services sector growth data disappoints
* Philippines at highest close in over a week
By Soumyajit Saha
Oct 8 (Reuters) - Most Southeast Asian stock markets ended
higher on Tuesday as investors turned their focus to Sino-U.S.
trade talks due later this week, hoping that further tariffs
between the world's two biggest economies can be avoided.
China, Southeast Asia's biggest trading partner, and the
United States will on Thursday look to work on resolving a
tit-for-tat tariff war that has battered economies worldwide,
with markets looking for signs of resolution during the first
minister-level negotiations in months. Equities markets in China rose after a week-long holiday.
"Price action suggests the markets are expecting, at the
very least, further tariffs to be deferred," Stephen Innes, Asia
Pacific market strategist, AxiTrader said in a note to clients.
Weak U.S. manufacturing data along with continued signs of
weakness in the Chinese economy provide incentives for a
temporary deal, Innes added.
Earlier in the day, data from a private survey showed that
China's services sector grew at its slowest pace in seven months
in September. Banking and consumer sectors helped the Philippine index
.PSI rise to its highest close in more than a week.
Conglomerate SM Investments Corp SM.PS gained 2.1%, while
lender BDO Unibank BDO.PS was up 3.3%.
Indonesian stocks .JKSE rose after falling about 1% in the
previous session, propped up by gains in the banking and
consumer sectors.
Lender Bank Mandiri (Persero) BMRI.JK rose 2.4%, while
consumer goods manufacturer Unilever Indonesia UNVR.JK climbed
1.7%.
An index of Indonesia's 45 most liquid stocks .JKLQ45 was
up 0.75%
Singapore shares .STI advanced, helped by gains in the
industrial sector. Jardine Matheson Holdings JARD.SI was up
1.6%, while Jardine Strategic Holdings JSH.SI rose 1.2%
For Asian Companies click;
SOUTHEAST ASIAN STOCK MARKETS
STOCK MARKETS
Change on the day
Market Current Previous Pct Move
close
Singapore 3110.85 3099.48 0.37
Bangkok 1612.17 1613.71 -0.10
Manila 7756.72 7683.22 0.96
Jakarta 6039.601 6000.582 0.65
Kuala Lumpur 1558.79 1559 -0.01
Ho Chi Minh 988.22 983.09 0.52
Change so far in
2019
Market Current End 2018 Pct Move
Singapore 3110.85 3068.76 1.37
Bangkok 1612.17 1563.88 3.09
Manila 7756.72 7,466.02 3.89
Jakarta 6039.601 6,194.50 -2.50
Kuala Lumpur 1558.79 1690.58 -7.80
Ho Chi Minh 988.22 892.54 10.72