* U.S.-China trade deal could be delayed to Dec - official
* Indonesia hits near one-month low
* Philippines Q3 GDP came in better than forecast
By Sameer Manekar
Nov 7 (Reuters) - Indonesian shares fell more than 1% on
Thursday, dragged by heavy losses in financials, while other
Southeast Asian markets treaded water as signs of a delay in
Washington and Beijing sealing an interim trade deal dampened
sentiment.
Reuters on Wednesday reported that a meeting between U.S.
President Donald Trump and China's Xi Jinping to sign the
long-awaited interim trade deal could be delayed until December.
Officials are still scoping venues for the meeting, which
was originally scheduled to take place on the sidelines of a
now-cancelled mid-November summit of Asia-Pacific leaders in
Chile.
"The location of any deal ceremony is considerably less
important than any willingness to sign a deal at all. Or to the
substance of any such deal," ING said in a note.
"The question really is, do we even get a December deal?"
The Indonesian index .JKSE seemed underwhelmed by the
trade news, but shares dropped after President Joko Widodo urged
bank executives to help spur growth with cuts in lending rates
and loans, following feeble third-quarter growth data.
The index touched its lowest in nearly a month, with
financials taking a hit as the government's statement could
pressure lenders' margins.
Bank Rakyat Indonesia BBRI.JK and Bank Mandiri (Persero)
BMRI.JK dropped 4.3 and 2.5%, respectively.
An index of the country's 45 most liquid stocks .JKLQ45
were set to declined 1.8%.
Meanwhile, a delay in a long-awaited trade deal suppressed
trading in Singapore .STI , with industrials dragging the index
lower.
Jardine Strategic Holdings JSH.SI lost 1.5%, while
financial sectors supported the index, with Capitaland Ltd
CATL.SI posting a 1.1% gain.
The Philippine bourse .PSI traded flat after closing 2.3%
weaker on Wednesday, after data showed that the country's
economy grew better than expected in the third quarter.
Blue-chip stocks recovered from a plunge in the previous
session, with SM Prime Holdings SMPH.PS and Ayala Corp AC.PS
climbing as much as 2.5% and 0.7%.
Thai stocks .SETI edged lower, dragged by energy and
materials sectors, while Malaysia's benchmark index .KLSE was
little changed.
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SOUTHEAST ASIAN STOCK MARKETS AS AT 0445 GMT
Market Current Previous close Pct Move
Singapore 3263.53 3262.69 0.03
Bangkok 1622.08 1623.99 -0.12
Manila 8022.21 8025.88 -0.05
Jakarta 6132.878 6217.545 -1.36
Kuala Lumpur 1603.09 1603.25 -0.01
Ho Chi Minh 1025.4 1024.91 0.05
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3263.53 3068.76 6.35
Bangkok 1622.08 1563.88 3.72
Manila 8022.21 7,466.02 7.45
Jakarta 6132.878 6,194.50 -0.99
Kuala Lumpur 1603.09 1690.58 -5.18
Ho Chi Minh 1025.4 892.54 14.89