By Anusha Ravindranath
May 20 (Reuters) - Singapore shares were on track to snap
two sessions of falls on Friday, helped by gains in banking
stocks, while the Philippine market hit its lowest level in nine
days on profit-taking.
The Straits Times Index was 0.8 percent higher after
losing 1.3 percent in the previous session on concerns over the
possibility of a Fed rate hike in June.
"We believe that the higher interest rate expectation has
been baked into the market," said Carey Wong
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