Singapore, Philippine stocks outperform SE Asia peers


Most Southeast Asian stock markets, led by Singapore and Philippine stocks, rose on Monday, as tame inflation and soft domestic demand in the United States hurt prospects of a third interest rate hike by the Federal Reserve.

Fed policymakers are confronted with benign inflation and a tight labour market as they weigh a third rate hike and announcing plans to start reducing the central bank's $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities.

A tamer Fed bodes well for inflows into Asia as investors usually look to its markets for better yields.

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