SE Asia Stocks-Vietnam hits 8-1/2-year high; Philippines up



By Suhail Hassan Bhat Sept 28 Vietnam shares hit an eight-and-a-half-year high on Wednesday, led by commercial banks, while Philippine stocks rose after three sessions of falls with financials and industrials leading the gains. Other Southeast Asian markets were sluggish, tracking weakness in Asian stocks on concerns over the European banking sector and as lower crude oil prices hurt investors' risk appetite. Oil fell about 3 percent on Tuesday after Saudi Arabia and Iran dashed hopes of finding a compromise this week to help ease a global glut, before rising in early trade on Wednesday as... read more

 
28 September 2016 in World News, Views: 32
Source: Reuters
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