Thursday, November 17, 2016

SE Asia Stocks-Philippines extends gains as GDP growth aids sentiment

By Susan Mathew

Nov 17 (Reuters) - Philippine shares extended gains

for a second straight day as better-than-expected economic

growth brought cheer to the market, while broader regional

sentiment was buoyed by easing U.S. Treasury yields and the

dollar.

The Philippine economy grew 7.1 percent year-on-year in the

third quarter, its fastest pace in more than three years,

supported mainly by household demand.

U.S. Treasury yields eased in Asian trade, dragging the

dollar off its highes

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