Traders walk on the floor of the Borsa Istanbul in Istanbul. Photo: Reuters/Murad Sezer

Turkey’s BIST 30 Index is up about half a percent this morning led by petroleum refiners and petrochemical companies that benefit from lower oil prices (and helped also by a bounce in Turkcell after yesterday’s plunge on the liquidation of a major minority shareholding).

Philippines rose by close to 1% as investors cheered the Duterte government’s sensible plan to fund infrastructure by increasing excise taxes.

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