* China exports in Nov shrank for fourth straight month
* Thailand set for ninth straight session of falls
* Singapore, Indonesia little changed
By Arundhati Dutta
Dec 9 (Reuters) - Most Southeast Asian markets were subdued
on Monday as weak export data from China, the region's biggest
trading partner, signalled weakness for the broader Asian
economy, offsetting positive Wall Street clues following solid
U.S. jobs print.
Investor sentiment was hit after data projected that China
exports in November shrank for the fourth straight month,
implying that the trade war with the United States was taking a
toll on the world's second-largest economy. Asian peers caught some of Wall Street's momentum after data
showed that U.S. job growth increased by the most in 10 months
in November. Investors remained on guard amid uncertainty over the
Sino-U.S. trade negotiations, aimed at easing a 17-month-long
war, with U.S. President Donald Trump tasked with deciding
whether to hold off on a new set of tariffs against Chinese
goods, which is set to kick-in on Dec. 15.
"Trade war is still the biggest concern and source of
uncertainty globally as the U.S and China have not finalized
their phase one trade deal mainly due to disagreement of
existing tariffs," MIDF Research said in a note.
Malaysian stocks .KLSE are set to snap two previous
sessions of gains, dragged by power utility Tenaga Nasional
TENA.KL and telecom Axiata Group AXIA.KL .
The Thai index .SETI started the week on the back foot,
with industrials being the biggest drag as Airports of Thailand
AOT.BK marked its lowest level in more than two months.
The Philippine index .PSI inched lower, with conglomerates
SM Investments Corp SM.PS and Ayala Land ALI.PS losing 0.8%
and 0.4%, respectively.
The Indonesian benchmark .JKSE traded subdued as losses in
telecom stocks offset modest gains in the consumer sector.
Telekomunikasi Indonesia TLKM.JK fell nearly 0.3%, while
cigarette maker Gudang Garam GGRM.JK gained up to 1.4%.
Vietnamese shares .VNI edged a tick higher, with the
country's largest brewer Sabeco SAB.HM , formally known as
Saigon Beer Alcohol Beverage Corp , climbing as much as 1.5%.
Singapore stocks .STI were little changed.
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SOUTHEAST ASIAN STOCK MARKETS AS AT 0452 GMT
STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3192.18 3194.71 -0.08
Bangkok 1551.74 1558.99 -0.47
Manila 7800.57 7801.72 -0.01
Jakarta 6197.311 6186.868 0.17
Kuala Lumpur 1564.5 1568.44 -0.25
Ho Chi Minh 967.28 963.56 0.39
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3192.18 3068.76 4.02
Bangkok 1551.74 1563.88 -0.78
Manila 7800.57 7,466.02 4.48
Jakarta 6197.311 6,194.50 0.05
Kuala Lumpur 1564.5 1690.58 -7.46
Ho Chi Minh 967.28 892.54 8.37