* Philippines cenbank raises borrowing costs by 175 percent point * Indonesia increased by 1.6 percent, to close the week higher * Malaysia's economy grew at an annual 4.4 percent rate Q3 By Aman Swami November 16 (Reuters) - Philippine shares jumped on Friday after The central bank raised its reference rate for the fifth consecutively, while Indonesian stocks were extended, with hoping for thaw in Chinese-American trade friction increase risk feelings in Southeast Asia. Asian stock markets were supported in the hope of relief in ongoing Chinese and US trade relations, although there was dueling reports on the possibilities for a real deal. The back and forth exchange of trade duties and threats between two of the world's leading economic powers stoked investors to stay away from more risky assets in the emerging markets this year, in the face of major concerns about global growth. MSCI's broadest Asia Pacific Asia Outside Japan was up 0.26 percent in early trading. Philippine stocks rose as much as 1.9 percent to their highest in over a week, driven by profits in industry and financial sectors. The index was set to close faster this week. The Philippine Central Bank raised its reference rate score for the fifth straight time on Thursday in an attempt to deal with increased inflation. The country's largest conglomerate SM Investments Corp. climbed as much as 3.2 percent, while shares in BDO Unibank Inc. jumped to 4.2 percent. Profit in finance and telecom sectors increased Indonesian reference index, which was ready to end higher for the week. Bank Central Asia Tbk PT and Telekomunikasi Indonesia (Persero) Tbk increased as much as 2.1 percent respectively 4.9 percent. Singapore shares were about to win for a second straight session, with conglomerate Sembcorp Industries Ltd and Jardine Matheson Holdings Ltd is best winner. Malaysian stocks set themselves to extend their winning stretch into a third session, with Sime Darby Bhd, the the world's largest palm oil planter by land size and mobile phone operator Axiata Group Bhd gets the most out. Malaysia's economy grew at an annual 4.4 percent rate July-September, the fourth straight quarter declining growth as It cuts with weak external demand, data showed on Friday. Thai stocks lined higher, helped stabilize the oil prices due to expected cuts from organization of Petroleum Exporting Countries (OPEC), although the US post production-controlled profits. For Asian companies click SOUTHEAST ASIAN STOCK MARKETS Change on day Market Current Previous Close Pct Move Singapore 3082.22 3054.53 0.91 Bangkok 1642.11 1638.83 0.20 Manila 7081.38 6952.59 1.85 Jakarta 6049.333 5955.736 1.57 Kuala Lumpur 1706.95 1694.21 0.75 Ho Chi Minh 898.06 897.15 0.10 Change in years Market Current End 2017 Pc Moving Singapore 3082.22 3402.92 -9.42 Bangkok 1642.11 1753.71 -6.36 Manila 7081.38 8558.42 -17.26 Jakarta 6049.333 6355.654 -4.82 Kuala Lumpur 1706.95 1796.81 -5.00 Ho Chi Minh 898.06 984.24 -8.76 (Reporting by Aman Swami, Editing Sherry Jacob-Phillips)
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