Asia business sentiment at two-year high: Reuters/Insead survey

IN findings that track those of its peers, a Thomson Reuters and Insead survey showed that business sentiment among Asia companies was at a two-year high.

This is because of positive economic signs from the United States and China that underpin a picture of improved global demand, it said.

The Thomson Reuters/Insead Asian Business Sentiment Index represents the six-month outlook of 96 firms.

Sentiment in export-oriented Malaysia rebounded the most, and was the highest in the Philippines.

By sector, financial services firms were the most upbeat, along with the auto industry.

Sentiment was low in the metals and chemicals sector due to concerns over US dollar strength.