"Global market retreat is driven by tech and export market turbulence whereas Southeast Asia is more of a domestic-driven economy rather than exports and tech serving economy," said Taye Shim, head of research and strategist with Mirae Asset Sekuritas.
Investors are now turning their focus towards emerging markets, he added.
The Philippine index <.PSI> rose 1 percent, driven by gains in real estate and financial stocks. It gained 3.6 percent during the week.
"The region was advancing when the Philippines was left behind but the Philippines is really coming off a low pace and the valuations seems better, and with the macro factors at play like inflation expected to trim down in the coming month, stocks are rising," said Fio Dejesus, equity research analyst at RCBC Securities.
Conglomerate Ayala Land rallied 3.8 percent, while Bank of the Philippine Islands jumped 3.6 percent.
Thai shares <.SETI> climbed 1.1 percent on gains across the board, but were down 0.8 percent for the week.
Index heavyweight Airports of Thailand PCL soared 2.4 percent, while gas and petroleum supplier PTT PCL closed 1.6 percent up.
Singapore shares <.STI> edged 0.4 percent higher with Singapore Airlines Ltd gaining 1.8 percent and lender Oversea-Chinese Banking Corp. Ltd up 0.8 percent.
The city-state's headline consumer price index rose less than expected at 0.7 percent in October from a year earlier, unchanged from September.
Indonesian shares <.JKSE> added 0.3 percent, extending gains to a second straight session but shed 0.1 percent for the week.
Consumer and material stocks boosted the index with Pikko Land Development Tbk PT firming 16.2 percent and Astra Agro Lestari Tbk PT jumping 3.5 percent.
(Reporting by Aman Swami; Editing by Sunil Nair)
By Aman Swami
