SE Asia Stocks-Mostly down on financials; Philippines down for fourth day

April 22, 2015 6:01 AM

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April 22 (Reuters) - Most Southeast Asian stock markets edged down on Wednesday, dragged by financials as optimism over China's rate cut evaporated, with Manila shares falling for a fourth straight session to a more-than-one-month low.

The Philippine stock index was down 0.8 percent, hovering at its lowest since March 20, but trading volume was thin. "Fund managers are waiting for an opportunity after the market hit a record high recently. The P/E ratio is high at the moment and China's growth slowdown has also been a concern," sa...

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