* Thailand falls 2%, Philippines loses 3.4% on week
* China factory gate prices fall in July
By Soumyajit Saha
Aug 9 (Reuters) - Most Southeast Asian stock markets slipped
on Friday, with Thailand losing the most, as fresh fears over
the Sino-U.S. trade war soured investor sentiment.
The White House is delaying a decision on licences for U.S.
companies to restart business with Huawei Technologies Co
HWT.UL after China stopped buying U.S. farming goods, reported
Bloomberg on Thursday. This "dimmed the lights considerably while providing yet
another stark reminder that markets are embroiled in a very
testy trade war escalation", said Stephen Innes, managing
partner at VM Markets Pte Ltd, in a note to clients.
Adding to the gloom, China's factory gate prices fell in
July for the first time in nearly three years, though consumer
inflation rose more than expected. Thai shares .SETI fell 0.9%, hurt by financials and
industrials, and posted a loss of 2% for the week.
Siam Commercial Bank SCB.BK dropped 1.1%, while Airports
of Thailand AOT.BK lost 1.8%.
Philippine shares .PSI closed 0.8% lower, dragged by
industrials, and posted a weekly drop of 3.4%.
JG Summit Holdings JGS.PS declined 4.5%, while
International Container Terminal Services ICT.PS shed 3.5%.
Indonesian shares .JKSE advanced slightly, helped by
banking and resources stocks.
Bank Central Asia BBCA.JK rose 1%, while Chandra Asri
Petrochemical TPIA.JK was up 2.5%.
An index of Jakarta's 45 most liquid stocks .JKLQ45 gained
0.1%.
Singapore .STI was closed for a public holiday.
For Asian Companies click;
SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Bangkok 1650.64 1665.12 -0.87
Manila 7854.39 7914.16 -0.76
Jakarta 6282.132 6274.671 0.12
Kuala Lumpur 1615.05 1616.02 -0.06
Ho Chi Minh 974.34 975.24 -0.09
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3168.94 3068.76 3.26
Bangkok 1650.64 1563.88 5.55
Manila 7854.39 7,466.02 5.20
Jakarta 6282.132 6,194.50 1.41
Kuala Lumpur 1615.05 1690.58 -4.47
Ho Chi Minh 974.34 892.54 9.16