Philippine shares hit a two-week low on Thursday, dragged by sharp losses in fast-food giant Jollibee Foods Corp, while most other Southeast Asian markets inched higher ahead of a key European Central Bank meeting later in the day. The benchmark Philippine stock index slipped as much as 0.6% after a 1% drop in the previous session. Jollibee declined as much as 8%, wiping out $850 million in market value in two days after the country's largest food
service network operator said it was buying loss-making
U.S.-based Coffee Bean & Tea Leaf.
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