* Indonesian inflation falls to 6-month low
* Singapore's UOB slips on poor quarterly results
* Philippine markets closed for holiday
By Anushka Trivedi
Nov 1 (Reuters) - Most Southeast Asian markets fell on
Friday on a report that China expressed doubts over signing of a
long-term trade deal with the United States, while a raft of
weak data in the region also dented sentiment.
Bloomberg reported on Thursday that Chinese officials told
visitors to Beijing that it will not budge on the thorniest
issues and is concerned about the risk that U.S. President
Donald Trump could back out of the interim deal. This comes after the APEC meeting in Chile where leaders of
both countries were supposed to sign an interim deal in
mid-November was called off due to domestic turmoil.
Meanwhile, recent manufacturing data for trade-reliant Asian
economies such as Indonesia, Malaysia, Taiwan and Vietnam have
all disappointed. "We can yet again see that a resolution to the U.S.-China
trade dispute remains a critical component to keeping the lights
on in the global economy," said Jeffrey Halley, senior market
analyst, Asia Pacific at OANDA.
Singapore shares .STI fell as much as 0.7%, pressured
mostly by industrial stocks. The city-state has a sizable
exposure to China.
Conglomerate Jardine Strategic Holdings Ltd JSH.SI lost
1.2%.
Singapore's third-biggest lender United Overseas Bank Ltd
UOBH.SI fell 1% to see worst session in a month after posting
a drop in quarterly results and dragged the
benchmark. Malaysia's main index .KLSE slipped, with Public Bank Bhd
PUBM.KL shedding 2.4% and Petronas Chemicals Group Bhd
PCGB.KL trading 0.4% lower.
Indonesian shares .JKSE inched lower. Data showed that
October's annual inflation slowed more than expected to its
lowest in six months, but stayed within central bank's comfort
range. Automotive group Astra International Tbk PT ASII.JK was
the top drag on the index as it fell about 2% after reporting a
decline in nine-month net profit. Thai bourse .SETI slipped while data showed inflation rose
0.11% in October from a year earlier, slowing from the previous
month and undershooting expectations. Meanwhile, Vietnam stocks .VNI gained 0.9%, while data
showed manufacturing activity declined slightly in October
compared to previous month. Philippine markets .PSI were closed for a holiday.
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SOUTHEAST ASIAN STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3227.4 3229.88 -0.08
Bangkok 1596.01 1601.49 -0.34
Jakarta 6211.137 6228.317 -0.28
Kuala Lumpur 1590.81 1597.98 -0.45
Ho Chi Minh 1008.25 998.82 0.94
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3227.4 3068.76 5.17
Bangkok 1596.01 1563.88 2.05
Jakarta 6211.137 6,194.50 0.27
Kuala Lumpur 1590.81 1690.58 -5.90
Ho Chi Minh 1008.25 892.54 12.96