By Chandini Monnappa

July 5 (Reuters) - Southeast Asian markets were largely

range-bound on Wednesday as tensions brewing on the Korean

peninsula kept investor sentiment subdued as they awaited

further clues on the U.S. Federal Reserve's monetary policy.

A holiday in the United States and a lack of market

catalysts muted Asian trading, although minutes of the Federal

Reserve's last meeting due later in the day could signal how

committed it was to raising rates again this year and any detail

on plans to wind back its massive balance sheet.

Risk sentiment took a hit as North Korea said it had

conducted a test of a newly developed intercontinental ballistic

missile (ICBM) that can carry a large and heavy nuclear warhead.

"Southeast Asian markets are quite mixed due to geopolitical

tensions created by the launching of ICBM from North Korea,"

said Manny Cruz, an analyst with Manila-based Asiasec Equities

Inc.

"I think the cautiousness is due to the perception that it

might precede some harsh action from major countries like U.S.

and Japan."

Meanwhile, a private business survey showed China's services

sector grew at a slower pace in June as new orders slumped,

pointing to a softening outlook for the economy.

Singapore shares gained as much as 0.7 percent, aided

by financial stocks, with Oversea-Chinese Banking Corp

climbing as much as 0.7 percent.

Philippine shares were flat, with industrials such as

Aboitiz Equity Ventures Inc weighing down the index.

The Philippines' annual inflation eased for a second

straight month in June due to slower price increases in food and

transport, data from the statistics agency showed on

Wednesday.

Indonesian shares edged lower, dragged by telecom

stocks such as Telekomunikasi Indonesia (Persero) Tbk PT

, which fell as much as 1.1 percent.

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SOUTHEAST ASIAN STOCK MARKETS:Change at 0400 GMT

Change on the day

Market Current Previous Close Pct Move

Singapore 3224.3 3211.17 0.41

Bangkok 1578.67 1574.11 0.29

Manila 7831.27 7833.96 -0.03

Jakarta 5861.084 5865.364 -0.07

Kuala Lumpur 1762.33 1762.08 0.01

Ho Chi Minh 776.01 775.54 0.06

Change on year

Market Current End 2016 Pct Move

Singapore 3224.3 2880.76 11.93

Bangkok 1578.67 1542.94 2.32

Manila 7831.27 6840.64 14.48

Jakarta 5861.084 5296.711 10.66

Kuala Lumpur 1762.33 1641.73 7.35

Ho Chi Minh 776.01 664.87 16.72

(Reporting by Chandini Monnappa; Editing by Amrutha Gayathri)