Philippine shares rise after Q2 GDP beats forecast
BANGKOK Aug 29 (Reuters) - Philippine shares rose nearly 3 percent on Thursday as a better-than-expected second quarter GDP and the prospect of further growth lifted the broader market, attracting buying in recently beaten-down large caps such as SM Investments Corp.
The Philippine main index was up 2.7 percent at 5,893.36, in heavy trading volume which was 1.33 times a full- day average over the past 30 sessions. (Reporting by Viparat Jantraprap; Editing by Supriya Kurane)
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Thai PM calls snap election, protesters press on
- Billy Joel, Shirley MacLaine feted at Kennedy Center Honors
- Singapore hit by rare outbreak of rioting, 27 arrested |