SE Asia Stocks-Most markets fall as Trump hardens trade war rhetoric

By Soumyajit Saha

* Trump says he could delay signing deal with China until end-2020 * Malaysia stocks fall to their lowest in 8 weeks * Vietnam bucks trend to gain slightly By Soumyajit Saha Dec 4 (Reuters) - Most Southeast Asian stock markets tracked a global downturn on Wednesday as the Trump administration dashed hopes of a quick preliminary deal to halt impending U.S. tariffs on China. U.S. President Donald Trump on Tuesday said he had "no deadline" for a trade deal with China, and could wait until after the U.S. presidential election in November 2020 to sign an agreement. "There is justifiable cause to correlate Trump's bluster to Beijing's insistence that tariff rollback is a pre-condition to any deal," Mizuho Bank said in a note to clients. "In which case, it seems Trump's priority is to not appear weak in the run-up to the elections." The imminent tariffs on China, set to kick in on December 15, will only add to market woes as it is besieged by the repercussions of multiple U.S. tariffs on Argentina, Brazil and France, all announced earlier this week. Tariff-sensitive Singapore stocks fell to their lowest in six weeks, dented by losses in consumer and banking sectors. Lender United Overseas Bank fell over 1%, while agribusiness company Wilmar International lost over 2%. The Philippine index fell, as losses in real estate stocks weighed on the index, with SM Prime Holdings and Ayala Land slipping 1.9% and 2.1%, respectively. Malaysian shares fell to their lowest in nearly eight weeks, after data showed that the country's exports dropped for the third straight month in October, though the pace of decline was slower than expected. The index was dragged lower by weakness in telecom and financial sectors. Bucking the trend, Vietnam stocks edged a tick higher, helped by gains in financials. Real estate developer Vingroup was up 0.5%, while Joint Stock Commercial Bank for Foreign Trade of Viet Nam rose 1.6%. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS AS AT 0350 GMT STOCK MARKETS Change on the day Market Current Previous Pct Move close Singapore 3149.33 3173.08 -0.75 Bangkok 1565.87 1567.63 -0.11 Manila 7789.66 7855.18 -0.83 Jakarta 6107.325 6133.896 -0.43 Kuala Lumpur 1554.42 1562.27 -0.50 Ho Chi Minh 954.43 953.43 0.10 Change so far in 2019 Market Current End 2018 Pct Move Singapore 3149.33 3068.76 2.63 Bangkok 1565.87 1563.88 0.13 Manila 7789.66 7,466.02 4.33 Jakarta 6107.325 6,194.50 -1.41 Kuala Lumpur 1554.42 1690.58 -8.05 Ho Chi Minh 954.43 892.54 6.93 (Reporting by Soumyajit Saha in Bengaluru, Editing by Sherry Jacob-Phillips)