* Philippines up for 4th straight day
* Indonesia leads gains in the region
* Malaysia markets closed for holiday
By Shreya Mariam Job
Sept 9 (Reuters) - Most Southeast Asian stock markets inched
higher on Monday as weak data from the United States and China
spurred hopes of further stimulus measures to prop up slowing
economic growth.
Data released on Friday showed U.S. jobs growth slowed more
than expected in August, while China's exports fell unexpectedly
last month, hurt by a drop in shipments to the United States. Risk sentiment was also buoyed as central banks of both
countries indicated their intention to work toward sustaining
growth.
U.S. Federal Reserve Chair Jerome Powell said the central
bank would continue to act "as appropriate" to sustain the
economic expansion in the world's biggest economy, while the
People's Bank of China said it was cutting the amount of cash
that banks must hold as reserves for the third time this year.
"The latest move (reserve ratio cut) reflects the (Chinese)
government's determination to use a combination of policy tools
to stimulate the economy as it also looks to allow local
governments to issue more bonds to fund infrastructure
investment," Mizuho Bank said in a note to clients.
Indonesian shares .JKSE gained the most in Southeast Asia,
helped by telecom and consumer stocks.
Telekomunikasi Indonesia (Persero) Tbk Pt TLKM.JK and
Unilever Indonesia Tbk Pt UNVR.JK rose 1.2% each.
Philippine shares .PSI climbed 0.1%, extending gains into
a fourth session, on financials.
Ayala Corp AC.PS edged up 0.4%, while BDO Unibank Inc
BDO.PS gained 0.6%.
Singapore shares .STI inched higher on industrial and
consumer stocks.
Industrial conglomerate Jardine Matheson Holdings Ltd
JARD.SI gained 0.8%, while retailer Dairy Farm International
Holdings DAIR.SI rose 0.6%.
Malaysian .KLSE financial markets were closed for a
holiday.
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SOUTHEAST ASIAN STOCK MARKETS As at 0358 GMT
Change on the day
Market Current Previous close Pct Move
Singapore 3147.97 3144.48 0.11
Bangkok 1673.55 1670.06 0.21
Manila 7944.17 7933.47 0.13
Jakarta 6327.32 6308.95 0.29
Ho Chi Minh 973.98 974.08 -0.01
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3147.97 3068.76 2.58
Bangkok 1673.55 1563.88 7.01
Manila 7944.17 7,466.02 6.40
Jakarta 6327.32 6,194.50 2.14
Ho Chi Minh 973.98 892.54 9.12