* Thailand sees best day in over 3 weeks
* Singapore hits over 3-month high
* Vietnam stocks hit over 1-year high
By Sameer Manekar
Nov 4 (Reuters) - Most Southeast Asian markets rose on
Monday, with Thailand leading gains, as progress in the long
drawn Sino-U.S. trade talks and strong jobs data from the United
States buoyed risk appetite.
Washington and Beijing said on Friday the two sides had made
progress in resolving a near 16-month long trade dispute,
soothing some worries over the economic fallout from their trade
war.
However, sentiment remained in check, given the tumultuous
nature of previous attempts at reaching a deal.
"While a deal may appear to be within sights, markets'
provision for disappointment could still keep optimism leashed,"
Maybank said in a note.
Meanwhile, data released on Friday showed the U.S. job
growth slowing less than expected in October, showing that the
world's largest economy still had some resilience. Thai stocks .SETI gained as much as 1.2%, to mark their
biggest intraday gain in over three weeks.
Utilities and financials sectors were among the biggest
gainers, with Gulf Energy Development PCL GULF.BK and
Kasikornbank PCL KBANK.BK rising 3.2% and 5.4%, respectively.
The Philippine bourse .PSI advanced 0.6% as financials and
utilities firms gained.
Bank of the Philippine Islands BPI.PS and Manila Electric
Co MER.PS were up as much as 1.8% and 2.9%, respectively.
Singapore's Straits Times index .STI gained up to 0.6% to
a more-than three-month high, lifted by financials and consumer
firms.
DBS Group Holdings DBSM.SI and Jardine Cycle & Carriage
Ltd JCYC.SI gained up to 1.5% each.
Meanwhile, factory activity in China, the region's largest
trading partner, expanded unexpectedly at the fastest pace in
over two years in October, according to data released on Friday,
easing concerns of a slowdown in demand from the world's second
largest economy due to U.S. tariffs. The Malaysian index .KLSE edged up 0.3%, with Sime Darby
Plantation SIPL.KL and Maxis Bhd MXSC.KL rising 1% and 1.3%,
respectively.
The country's September exports was worse than expected by
falling 6.8% from a year ago, compared with a Reuters poll
forecast of 0.1% decline. Indonesia's benchmark index .JKSE edged lower, while
Vietnam's benchmark index .VNI rose to its highest since
October 2018.
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SOUTHEAST ASIAN STOCK MARKETS AS AT 0427 GMT
STOCK MARKETS
Change on the day
Market Current Previous close Pct Move
Singapore 3233.55 3229.43 0.13
Bangkok 1608.54 1592.52 1.01
Manila 8028.2 7977.12 0.64
Jakarta 6202.581 6207.191 -0.07
Kuala Lumpur 1597.07 1593.34 0.23
Ho Chi Minh 1020.83 1015.59 0.52
Change on year
Market Current End 2018 Pct Move
Singapore 3233.55 3068.76 5.37
Bangkok 1608.54 1563.88 2.86
Manila 8028.2 7466.02 7.53
Jakarta 6202.581 6194.498 0.13
Kuala Lumpur 1597.07 1690.58 -5.53
Ho Chi Minh 1020.83 892.54 14.37