Virus spike hits Singapore as it awaits economic data; Philippine stocks cheer record low rates

SINGAPORE, Sept 24 (Reuters): Equities in the Philippines outshone their emerging Asian peers on Friday after its central bank kept interest rates at record lows, while stocks in Singapore were hit as the city-state logged record Covid-19 cases.

Manila's benchmark index added 0.7% and was set for its fourth straight day of gains after Bangko Sentral ng Pilipinas (BSP) on Thursday looked past increasing inflation pressures to keep its monetary policy loose.