The Philippines Stock Exchange. Photo: AFP, Jay Directo

Asian emerging markets are up strongly Tuesday despite declines in Europe and in US stock futures, led by Philippines (+1.4%).

H-Shares in Hong Kong are up 0.4% led by automotive and infrastructure companies.

India’s SENSEX index was up 1%, Indonesia up 0.8%, and Thailand up 0.25%. KOSPI was down 0.3% and Taiwan down by 0.37%.