SE Asia Stocks-Mostly up on U.S. jobs data; Philippines at record close

April 6, 2015 9:46 AM

69 0

JAKARTA, April 6 (Reuters) - Southeast Asian stock markets mostly ended higher on Monday after weaker-than-expected U.S. jobs data raised doubts the Federal Reserve would hike interest rates any time soon.

The Philippine stock index led the region with a 0.8 percent gain, hitting a record close at 8,053.74, the first time it ever ended above the 8,000 mark. Investors remain optimistic about the Philippine market given corporate expansions, such as in power and property, and are positioning their portf...

Also read: World’s Biggest Miners Emerge From Their Hole in a $200 Billion Comeback

Read more

To category page