company Philippine Stock Exchange Index shed 8.48 points, or 0.4 percent, to 1,985.10. SEOUL: South Korean shares declined for a second day as a weak finish on U.S. markets and recent high oil prices encouraged investors to pocket recent gains. The Korea Composite Stock Price Index, or Kospi, dropped 3.68 points, or 0.3 percent, to 1,113.25. SHANGHAI: China shares rebounded as institutional investors snapped up blue chips like China Petroleum & Chemical Corp. and China Yangtze Power amid renewed optimism over government share reform plans. The Shanghai Composite Index gained 15.55 points, or 1.3 percent, to 1,192.83 _ its highest close since April 19, when it ended at 1,199.90. SINGAPORE: Share prices sank, with market sentiment hurt by a weak Wall Street and continued high oil prices. The Straits Times Index fell 25.07 points, or 1.1 percent, to 2,280.23. --SP 1352 Local Time 1052 GMT
