By Sindhu Chandrasekaran
Dec 2 (Reuters) - Most Southeast Asian stock markets were
largely subdued on Friday as investors remained cautious ahead
of the U.S. payrolls data later in the day.
Nonfarm payrolls are expected to increase by 175,000 in
November after rising 161,000 in October, according to a Reuters
survey of economists.
The data will serve as further evidence of improvement in
the U.S. economy, strengthening the possibility of an interest
rate hike by the Fed at its meeting on Dec. 13-14.
Doubts over Thursday's Organization of the Petroleum
Exporting Countries (OPEC) deal also affected sentiment.
Traders doubt whether the agreement will suffice to ease the
glut as it may only draw more supplies from storage tanks and
more crude shipments from the United States, Trimegah Securities
said in a note.
Oil fell as much as 1.45 percent on Friday as some investors
opted to cash out after Brent touched a 16-month high on
Thursday, with optimism over this week's OPEC-Russia accord on
cutting output giving way to questions on the "sticking point"
of implementing the deal.
Indonesia ended 0.9 percent higher, extending gains
to a fourth session, helped by financials. Indonesian shares
have gained 2.4 percent this week, their highest weekly gain
since the week ended Aug. 5.
Industry data released on Wednesday showed that Indonesia,
the world's No.3 producer of cocoa, exported 5,970 tonnes of the
chocolate ingredient in November from the island of Sulawesi,
more than double the amount of a year ago
Singapore ended 0.3 percent lower, snapping eight
sessions of gains, with telecommunication service leading the
losses. Singapore Telecommunications Ltd dropped 1.3
The FTSE Straits Times Index ended 2.1 percent higher this
week, posting its highest weekly gain since Sept. 9.
Vietnam closed marginally lower after two consecutive
sessions of gains, dragged down by consumer staples and
Philippines and Malaysia rose marginally
while Thailand shed 0.7 percent.
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SOUTHEAST ASIAN STOCK MARKETS: change on day
Market Current previous Pct Move
Singapore 2919.37 2928.58 -0.31
Bangkok 1501.66 1512.38 -0.71
Manila 6886.74 6864.87 0.32
Jakarta 5245.956 5198.755 0.91
Kuala Lumpur 1628.96 1626.44 0.15
Ho Chi Minh 665.14 666.54 -0.21
Market Current End 2015 Pct Move
Singapore 2919.37 2882.73 1.27
Bangkok 1501.66 1288.02 16.59
Manila 6886.74 6952.08 -0.94
Jakarta 5245.956 4593.008 14.22
Kuala Lumpur 1628.96 1692.51 -3.75
Ho Chi Minh 665.14 579.03 14.87
(Reporting by Sindhu Chandrasekaran; Editing by Vyas Mohan)