HANOI (Reuters) - Singapore and Philippine shares advanced on Tuesday, both hitting their highest in almost nine months, while the Indonesian market extended its falls after recent gains.
Singapore's benchmark Straits Times Index climbed 0.41 per cent to 3269.34, buoyed by gains in the property sector, while a rise in Wall Street stocks for a fifth day also supported sentiment.
Philippine shares extended their three-day winning streak, climbing 0.59 per cent to an intraday high level since July 26, 2013, Reuters data showed.
The SE Composite Index, Southeast Asia's best performer so far this year, has been lifted by investors' high expectation of corporate earnings, which are scheduled to be announced in between late April and early May, analysts said.
Real estate firm Alliance Global Group led the gains, with shares advancing 2.55 per cent.
Stocks in Malaysia edged up 0.07 per cent and Vietnam bounced back on bargain hunting after recent losses.
But Jakarta's Composite Index lost 0.57 per cent, trimming down last week's gain on bargain hunting.
Thailand's SET Index retreated 0.1 per cent after reaching near its 1,420-point technical resistance level in early trade on Tuesday.