Asian stock News
Manila stocks at record high ahead of rate cut, most others retreat
Philippine shares hit an all-time high on Thursday on expectations the central bank would cut interest rates to boost the economy, but most other Southeast Asian stock markets succumbed to profit taking as investors locked in some of this year's strong gains.
The Philippine main index ended the day up 0.8 per cent, after surging more than two per cent at one point to an intraday record high of 5,011.09
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