Southeast Asia Asia stocks eke out small gains

Most Southeast Asian stock markets edged up in thin trade on Monday, mirroring mild gains in Asian shares, with investors cautious in the absence of firm triggers ahead of a busy week for US Federal Reserve events.

On the interest rates front, no less than five heads of regional Federal Reserve banks are due to speak this week while Fed Board Governor Jerome Powell appears on Wednesday, when minutes of the last policy meeting are also due.

Separately, in a speech in Singapore on Monday, Cleveland Federal Reserve President Loretta Mester said she would be comfortable raising interest rates at this point if the economy maintained its current pace of performance.

Philippine shares rose 0.5% as investors hunted for bargains, with total volumes at about 73% of their 30-day average.

Foreign investors net sold 393.8 million pesos ($7.82 million) worth of shares.

The Philippine peso earlier slipped to its lowest level in over a decade, undermining dollar-based returns for foreign investors.

Indonesian shares finished 0.2% higher, led by energy and consumer cyclical stocks.

Automotive business Astra International was up 0.6%, while United Tractors and Adaro Energy added more than 2 % each.

Singapore shares however fell 0.4%, with industrials such as Jardine Matheson Holdings dropping 1.7%.

Financial firms DBS Group and United Overseas Bank shed 0.5% and 0.3%, respectively.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2% as of 10.31 GMT.