TABLE-Asia stock mkts' Q2 performance-China, Vietnam lead losers

(Updates prices)

SINGAPORE, July 1 (Reuters) - Chinese and Vietnamese stocks
extended their dismal performance in the second quarter, hit by
soaring inflation, while Japanese shares jumped on expectations
rising prices will offer some respite from years of deflation.

MSCI's index of Asian stocks .MIAS00000PUS fell 2.5
percent in Q2, taking losses for the year to date to about 14
percent, its worst first-half performance since 1992 when Japan
was in a recession.

For a graphic on Asian markets' H1 performance, click on:
here

For the first-half, the S&P 500 index .SPX lost 13
percent and the pan-European FTSEurofirst 300 index .FTEU3 20
percent.

Analysts expect rising costs to affect Asian companies and
be a key driver for performance for the rest of the year, with
further tightening of monetary policy also likely.
Vietnam .VNI plunged 57 percent and China .SSEC 48 percent
in the first half and analysts don't rule out further downside
for these markets --the world's worst performing this year.
MARKET Q2'08 H1'08 H1 '07
VIETNAM (Ho Chi Minh) .VNI -22.7 -56.9 +36.2
CHINA (Shanghai Composite) .SSEC -21.2 -48.0 +42.8
PAKISTAN (Karachi 100) .KSE -18.8 -12.7 +37.2
PHILIPPINES (PHS Composite) .PSI -17.6 -32.1 +22.7
INDIA (Sensex) .BSESN -14.0 -33.6 +6.3
TAIWAN (TAIEX) .TWII -12.2 -11.6 +13.7 NEW
ZEALAND (NZX-50) .NZ50 -7.9 -21.0 +4.4
THAILAND (SET) .SETI -5.9 -10.4 +14.3
MALAYSIA (KLSE Composite) .KLSE -4.9 -17.9 +23.5
INDONESIA (JSX) .JKSE -4.0 -14.4 +18.5 SRI
LANKA (Colombo All-Share).CSE -3.6 -3.3 -6.3 HONG
KONG (Hang Seng) .HSI -3.3 -20.5 +9.1
AUSTRALIA (S&P/ASX 200) -2.6 -17.7 +10.7
SINGAPORE (FT Straits Times) .FTSTI -1.8 -15.2 +19.7
SOUTH KOREA (KOSPI) .KS11 -1.7 -11.7 +21.6
TOKYO (Nikkei average) .N225 +7.6 -11.9 +5.3
(Compiled by Yvonne Cheong; Editing by Anshuman Daga)