Emerging Makets: Philippine shares lose 1% as Thai baht lead the gains in South-East Asia

MANILA, Oct 29 (Reuters): The Philippines stock market was down 1% as the the Malaysian ringgit firmed to its highest in more than a month on Friday, boosted by hopes that the government would release an expansionary fiscal 2022 budget later in the day, while Asian stocks were mostly weak.

The Thai baht led gains, advancing 0.4%, while the Singapore dollar, the Philippine peso and the Indonesian rupiah traded flat to higher against a wavering greenback. The ringgit gained 0.2% as investors awaited the 2022 budget.