SE Asia Stocks: Philippine, S’pore near 2-month high
BANGKOK, July 2 – Southeast Asian stock markets were mostly higher today, with Philippine and Singapore stocks hovering around their highest in almost two months, as investors cheered moves by European leaders to shore up the region’s troubled banks.
The Philippine index closed up 1 per cent at the highest since May 4, after notching up 2.7 per cent gain in the April-June quarter, Southeast Asia’s best performer amid foreign inflows to the market.
Singapore’s Straits Times index, which posted more than 4 per cent loss in the second quarter, closed up 1.1 per cent, led by oil rig builders such as Keppel Corp Ltd after oil prices staged a strong rally on Friday. – Reuters