* Malaysia down; April CPI +0.2% y/y
* Singapore rises; April factory output beats f'cast
* Indonesia up 4% this week, biggest since July 2018
By Niyati Shetty
May 24 (Reuters) - Philippine shares declined on Friday on
fears that trade tensions between China and the United States
could balloon into a deeper strategic dispute, while Indonesian
stocks posted their biggest weekly gain since July 2018.
U.S. President Donald Trump said on Thursday Washington's
complaints against Huawei Technologies HWT.UL might be
resolved within the framework of a U.S.-China trade deal, while
calling the Chinese telecom giant "very dangerous". Earlier on Thursday, China hit back with its spokesperson
saying "if the United States wants to continue trade talks, they
should show sincerity and correct their wrong actions."
Philippine shares .PSI closed down 0.7%, hurt by real
estate stocks, but gained more than 2% this week.
Index heavyweights SM Prime Holdings Inc SMPH.PS and Ayala
Land Inc ALI.PS fell 1.5% and 1.7%, respectively.
The market's weakness had more to do with investor sentiment
rather than the actual economic impact of the Sino-U.S. trade
war, which is too early to tell at this point, said Charles
William Ang, deputy head of research at COL Financial.
Vietnam shares .VNI declined 1.3% on the day and fell 0.7%
this week. Real estate stocks were the main drag, with Vinhomes
JSC VHM.HM slipping 2.3% and Vingroup JSC VIC.HM falling
1.7%.
Malaysian shares .KLSE ended 0.2% lower and posted a
fourth straight weekly fall.
Data released early Friday showed that the consumer price
index rose 0.2% in April from a year earlier, matching the pace
in March, but coming below the 0.4% Reuters poll estimate.
Indonesian stocks .JKSE rose 0.4%, boosted by the
communication and financial sectors. They added 4% this week,
ending four consecutive weekly declines.
PT Telekomunikasi Indonesia TLKM.JK and PT Bank Mandiri
BMRI.JK advanced 2.5% and 1.7%, respectively.
Meanwhile, Singapore stocks .STI rose as the country's
industrial production unexpectedly grew 0.1% from a year earlier
in April, beating forecasts of a 3.5% contraction.
Singapore Telecommunications Ltd STEL.SI added 1%, while
Hongkong Land Holdings Ltd HKLD.SI gained 1.5%.
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SOUTHEAST ASIAN STOCK MARKETS
Market Current Previous close Pct Move
Singapore 3169.89 3160.72 0.29
Bangkok 1614.12 1609.79 0.27
Manila 7747.09 7804.03 -0.73
Jakarta 6057.353 6032.696 0.41
Kuala Lumpur 1598.32 1601.87 -0.22
Ho Chi Minh 970.03 982.71 -1.29
Change so far in 2019
Market Current End 2018 Pct Move
Singapore 3169.89 3068.76 3.30
Bangkok 1614.12 1563.88 3.21
Manila 7747.09 7,466.02 3.76
Jakarta 6057.353 6,194.50 -2.21
Kuala Lumpur 1598.32 1690.58 -5.46
Ho Chi Minh 970.03 892.54 8.68