* Most markets on last trading day of year * Singaporean shares extend Thursday's gains * Thai, Singaporean, Philippine shares set for 10 pct yearly fall By Ambar Warrick Dec 28 (Reuters) - Singaporean shares jumped on Friday while other markets in Southeast Asia gained little in dull year-end trading and stared at double-digit yearly declines in a tumultuous 2018. Stock indexes in Singapore, the Philippines and Thailand were set to shed roughly 10 percent or more in a year dominated by headlines about a worsening trade war between the United States and China, the biggest trading partner in Southeast Asia. With a 2.3 percent yearly decline, Indonesian stocks were the best performers in the region, even as the rupiah currency weakened nearly 7 percent this year. Stocks slightly higher on Friday. The Indonesian market was insulated to some degree against global trade tensions thanks to its high dependence on domestic consumption, said Taye Shim, head of research at Mirae Asset Sekuritas Indonesia. "Going forward, any developments in U.S.-China trade relations will be a focal point," Shim said. "Investors will also digest the outlook of the U.S. economy." Stocks in broader Asia gained on Friday after Wall Street rebounded for a second day. Barring Singapore and Malaysia, Southeast Asian markets were on their last trading day of the year. Singaporean stocks extended Thursday's rally with a 0.7 percent gain powered by financial and industrial stocks, although trading volumes were largely subdued. The city-state's final trading day of the year will see a shortened session on Monday. Thai shares gained about 0.4 percent, with energy and financial stocks in the lead. Oil and gas explorer PTT PCL jumped amid a recovery in oil prices, while Bangkok Bank PCL gained about 1 percent. The Thai index was set for an annual loss of around 11 percent. For Asian Companies click: SOUTHEAST ASIAN STOCK MARKETS AS AT 0416 GMT STOCK MARKETS Change on the day Market Current Previous close Pct Move Singapore 3067.2 3044.74 0.74 Bangkok 1554.44 1548.37 0.39 Manila 7484.79 7482.66 0.03 Jakarta 6207.564 6190.643 0.27 Kuala Lumpur 1689.02 1690.72 -0.10 Ho Chi Minh 902.97 900.81 0.24 Change on year Market Current End 2017 Pct Move Singapore 3067.2 3402.92 -9.87 Bangkok 1554.44 1753.71 -11.36 Manila 7484.79 8558.42 -12.54 Jakarta 6207.564 6355.654 -2.33 Kuala Lumpur 1689.02 1796.81 -6.00 Ho Chi Minh 902.97 984.24 -8.26 (Reporting by Ambar Warrick in Bengaluru; Editing by Sai Sachin Ravikumar)
Our Standards:The Thomson Reuters Trust Principles.