Philippine shares lag as vaccine view lifts Asia

The Philippines trailed gains for Asia’s emerging stock and currency markets on Tuesday, as a surge in local coronavirus cases gnawed at investor sentiment while others cheered promising data for potential COVID-19 vaccines. Thai and Indonesian stocks rebounded more than 1% each after Monday’s drop, as early prints from vaccine trials and a “historic” European Union stimulus deal offset the impact of political uncertainty in Bangkok and rising infections. Manila’s benchmark share index, down by a fifth this year, fell another 0.9% after the country reported more than a thousand new...