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SE Asia Stocks-Philippine index slides over 2 pct; Fed decision...

reuters.com
SE Asia Stocks-Philippine index slides over 2 pct; Fed decision...

* Most lower ahead of Fed policy decision * Singapore hits 2-month low * Vietnam up By Nicole Pinto June 13 (Reuters) - Most Southeast Asian stock markets fell on Wednesday ahead of the U.S. Federal Reserve's policy decision, with Philippines losing over 2 percent and Singapore hitting a two-month low. Later in the day, the Federal Reserve is expected to hike its interest rates for the second time this year after a move in March, but the bigger question for investors is the outlook for future monetary tightening amid an ongoing economic expansion. The European Central Bank at its policy meeting on Thursday will debate on whether to end a 2.55 trillion euro bond purchase scheme