The Philippine economy grew an annual 6.4 percent in the second quarter, supported by strong growth in the industrial and services sectors.
The Chinese government launched a "fresh round of mini-stimulus" to counter growth headwinds, according to a Bank of America Merrill Lynch report.
Property launches in China are set to surge with developers sticking to their schedules despite mounting inventories, spelling trouble for the market.
Son's nose for an investment has turned Alibaba into a stake worth $50 billion as the Chinese e-commerce giant heads for the biggest U.S. tech IPO.
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