EMERGING MARKETS-Asian stocks rise even as weak China data casts gloom [Reuters]
Toronto Dominion Bank (The) (TD)
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Source: Reuters
* Philippine stocks posts best session in two months By Harish Sridharan May 16 (Reuters) - Emerging stock markets in Asia kick-started the week on a firmer footing, even as shockingly weak data from China stoked further concerns about a slowdown in the world's second-largest economy. Philippine stocks closed 1.9% higher to record their best session in two months. That follows five straight sessions of losses and a 5.6% decline last week. Data released last Thursday showed the Philippine economy grew at a better-than-expected 8.3% in the first quarter, increasing the likelihood of a rate hike to tackle inflation as early as the next central bank meeting on May 19. Shares in India, which rose more than 1% in early trade, pared gains to be up 0.3% after five consecutive weeks of losses. Taiwanese stocks advanced 0.4%. Equity and currency markets in Thailand, Malaysia and Indonesia were closed for holidays. Singapore's stock market was also closed. Th
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