SE Asia Stocks-Indonesia gains after rate hikes, Philippines on Q2 GDP

Newswire

BANGKOK, Aug 29 (Reuters) - Indonesian shares rose for a second straight session on Thursday after the central bank raised interest rates, while Philippine stocks surged on stronger-than-expected second-quarter GDP and the prospect of further growth. Jakarta's Composite Index closed up 1.9 percent at the day's high of 4,103.59, pulling the benchmark from an oversold level of below 30 for the first time in almost two weeks. Its 14-day relative strength index was at 33. Late afternoon, ...

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