* Philippines bounces back, up over 1%
* Indonesia up after 4 sessions of losses
* Thailand rolls out new stimulus measures
By Arundhati Dutta
Nov 27 (Reuters) - Most Southeast Asian stock markets edged
higher on Wednesday, with Philippines leading the pack, after
U.S. President Donald Trump said the United States and China
were close to agreement on the first phase of a trade deal.
Trump said on Tuesday Washington was in the "final throes"
of a deal that would defuse the 16-month dispute with Beijing,
but reiterated U.S. support for anti-government protesters in
Hong Kong, a potential sore point with China. Despite hints of progress towards an initial deal over the
past few days, worries remained as some reports suggested
Beijing and Washington were unable to agree on terms of tariff
rollbacks.
Given that Trump ruled out a complete tariff rollback, his
threat to end the truce without a deal is real, starting with
the tariffs due on Dec. 15, according to a note by DBS Group
Research.
"Trump will also need to decide by Dec. 2 whether to sign or
veto the Hong Kong Human Rights and Democracy Act that has
bipartisan support," DBS Group added.
Philippine shares .PSI jumped 1.1%, bouncing back from a
near seven-week closing low hit on Tuesday.
Conglomerates Ayala Land ALI.PS and DMCI Holdings DMC.PS
rose 3.6% and 4.7%, respectively.
Thai shares .SETI inched higher, lifted by energy stocks
on overnight gains in crude oil prices. PTT Exploration and
Production Pcl PTTEP.BK advanced 2%. O/R
On Tuesday, the government rolled out stimulus measures to
inject more than 100 billion baht ($3.31 billion) to boost the
lagging economy. Indonesian stocks .JKSE ticked up after four straight
sessions of falls, with index heavyweight Telekomunikasi
Indonesia TLKM.JK adding 1.6%.
Malaysian equities .KLSE rose, with power utility Tenaga
Nasional TENA.KL gaining 1%.
Vietnam shares .VNI climbed 0.5%, while Singapore stocks
.STI were little changed.
For Asian Companies click;
SOUTHEAST ASIAN STOCK MARKETS AS AT 0337 GMT
Change on the day
Market Current Previous close Pct Move
Singapore 3206.87 3207.85 -0.03
Bangkok 1611.22 1609.38 0.11
Manila 7793.26 7707.8 1.11
Jakarta 6046.914 6026.188 0.34
Kuala Lumpur 1587.03 1583.87 0.20
Ho Chi Minh 981.88 976.79 0.52
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3206.87 3068.76 4.50
Bangkok 1611.22 1563.88 3.03
Manila 7793.26 7,466.02 4.38
Jakarta 6046.914 6,194.50 -2.38
Kuala Lumpur 1587.03 1690.58 -6.13
Ho Chi Minh 981.88 892.54 10.01
($1 = 30.1900 baht)