Most Southeast Asian stock markets rose on Wednesday, with the Philippines at a record high, on improved demand for the region's riskier assets after a well-received Spanish debt auction and positive US corporate earnings. The Philippines rose 0.6 percent to a record high of 5,219.29 in strong volume, surpassing Tuesday's peak of 5,186.52 and with banks leading gainers.
Financials also helped the Malaysian bourse add 0.2 percent, with $29.79 million in foreign inflows, while energy counters helped the Thai exchange reverse the previous session's loss to end 0.7 percent firmer.
Despite $15.2 million in foreign outflows, Indonesia gained 0.2 percent to the highest since April 5. Singapore's benchmark Straits Times Index added 0.5 percent to a more than two-week high, with Singapore Exchange Ltd up 1.5 percent after reporting better-than-expected earnings. Bucking the trend, Vietnam's main index edged down 0.1 percent.
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