ROME: The majority of Southeast Asian stock markets move away on Monday with the Philippine index coming off a record high beat on Friday and Indonesia snapping recent increases as selling in current outperformers among weak emotions in Asia overshadowed selective buying in a reporting season.
Asian investors caught up with a benign payrolls report and the subsequent slide in Treasury yields, while oil prices showed no sign of escaping their downward spiral.
The Philippine composite index was down 0.6 per cent at 7,358.36 after a tenth straight gain on Friday to an all-time closing high of 7,402.72.
Investors cashed in recent gainers such as the shares of Metropolitan Bank & Trust.
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