SE Asia Stocks-Most end higher as markets hopeful on Sino-U.S. trade talks

By Soumyajit Saha

* Singapore lifted by industrials * China services sector growth data disappoints * Philippines at highest close in over a week By Soumyajit Saha Oct 8 (Reuters) - Most Southeast Asian stock markets ended higher on Tuesday as investors turned their focus to Sino-U.S. trade talks due later this week, hoping that further tariffs between the world's two biggest economies can be avoided. China, Southeast Asia's biggest trading partner, and the United States will on Thursday look to work on resolving a tit-for-tat tariff war that has battered economies worldwide, with markets looking for signs of resolution during the first minister-level negotiations in months. Equities markets in China rose after a week-long holiday. "Price action suggests the markets are expecting, at the very least, further tariffs to be deferred," Stephen Innes, Asia Pacific market strategist, AxiTrader said in a note to clients. Weak U.S. manufacturing data along with continued signs of weakness in the Chinese economy provide incentives for a temporary deal, Innes added. Earlier in the day, data from a private survey showed that China's services sector grew at its slowest pace in seven months in September. Banking and consumer sectors helped the Philippine index rise to its highest close in more than a week. Conglomerate SM Investments Corp gained 2.1%, while lender BDO Unibank was up 3.3%. Indonesian stocks rose after falling about 1% in the previous session, propped up by gains in the banking and consumer sectors. Lender Bank Mandiri (Persero) rose 2.4%, while consumer goods manufacturer Unilever Indonesia climbed 1.7%. An index of Indonesia's 45 most liquid stocks was up 0.75% Singapore shares advanced, helped by gains in the industrial sector. Jardine Matheson Holdings was up 1.6%, while Jardine Strategic Holdings rose 1.2% For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS STOCK MARKETS Change on the day Market Current Previous Pct Move close Singapore 3110.85 3099.48 0.37 Bangkok 1612.17 1613.71 -0.10 Manila 7756.72 7683.22 0.96 Jakarta 6039.601 6000.582 0.65 Kuala Lumpur 1558.79 1559 -0.01 Ho Chi Minh 988.22 983.09 0.52 Change so far in 2019 Market Current End 2018 Pct Move Singapore 3110.85 3068.76 1.37 Bangkok 1612.17 1563.88 3.09 Manila 7756.72 7,466.02 3.89 Jakarta 6039.601 6,194.50 -2.50 Kuala Lumpur 1558.79 1690.58 -7.80 Ho Chi Minh 988.22 892.54 10.72 (Reporting by Soumyajit Saha in Bengaluru; Editing by Susan Fenton)