Stock Markets

Asian shares extend global losses after Wall Street’s rout

HONG KONG — Asian shares opened sharply lower on Monday, extending global stock losses after Wall Street’s big selloff as investor anxiety grows over rising bond yields and disappointing quarterly earnings. KEEPING SCORE: Japan’s benchmark Nikkei 225 tumbled 2.4 per cent to 22,709.22 and South Korea’s Kospi shed 1.7 per cent to 2,483.71. Hong Kong’s …

PSEi registers another record high, peso slips vs. USD

MANILA — The Philippine Stock Exchange index (PSEi) continues to surge Monday after posting another record high, but the peso weakened against the greenback. PSEi closed the week’s first trading day at 9,058.62 points, higher than its previous all-time high of 9,041.20 points hit last Friday, January 26.  It ended Monday with an increase of …

Asian shares sink after pullback on Wall Street

TOKYO — Asian shares skidded Tuesday following Wall Street’s biggest loss in more than four months. Japan’s benchmark languished as the yen firmed against the U.S. dollar. KEEPING SCORE: Japan’s Nikkei 225 index lost 1.4 per cent to 23,291.97 and Hong Kong’s Hang Seng dropped 1.1 per cent to 32,601.62. South Korea’s Kospi sank 1.1 …

PSEi recovers; peso ends with gains

MANILA  – – The Philippine Stock Exchange index (PSEi) recovered Thursday after ending its two-day surged a day ago The main stocks gauge gained 0.89 percent, or 78.94 points, 8,999.17 points, which  a trader pointed to correction. Profit-taking caused the main index to lose steam a day ago but the trader said investors’ risk appetite …

PSEi surges anew to new record-high; PHP weakens

MANILA – – The Philippine Stock Exchange index (PSEi) again surged to a new high Tuesday on report of sustained robust growth of the Philippine economy.The peso, however, fell to its weakest since Nov. 14, 2017. With growth, as measured by Gross Domestic Product (GPD), still strong, PSEi posted a new record-high of 8,999.02 points, …

PSEi to hit 9,300 pts in 2018: COL Financial

MANILA — Leading online stock brokerage COL Financial expects the local stock barometer to reach a new high this year at 9,300 points, sustained by the strong economic momentum and boosted by a positive sentiment on the government’s tax reform program. COL Financial Head of Research April Lee Tan told reporters the 9,300 points is “actually …

Asian stocks advance as investors look ahead to US earnings

BEIJING — Asian stock markets were mostly higher Tuesday following a holiday for U.S. markets as investors looked ahead to American corporate earnings. KEEPING SCORE: The Shanghai Composite Index rose 0.3 per cent to 3,420.80 and Tokyo’s Nikkei 225 added 0.8 per cent to 23,905.40. Hong Kong’s Hang Seng gained 1.3 per cent to 31,751.60 …

Asian stock markets edge higher; US dollar falls against yen

SEOUL, Korea, Republic Of — Asian stock markets were mostly higher on Monday after Wall Street’s strong finish last week. The U.S. dollar weakened against most major currencies, including the Japanese yen. KEEPING SCORE: Japan’s Nikkei 225 rose 0.3 per cent to 23,714.88 and South Korea’s Kospi added 0.3 per cent to 2,505.00. Hong Kong’s …

Asian shares rise on Wall St, oil gains; Nikkei dips on yen

HONG KONG — Most Asian stocks markets pushed higher Friday after Wall Street’s latest record close. KEEPING SCORE: Japan’s benchmark Nikkei 225 index lost 0.2 per cent to 23,653.82, pressured by the yen’s recent strength, while South Korea’s Kospi advanced 0.3 per cent to 2,496.42. Hong Kong’s Hang Seng surged 0.8 per cent to 31,359.64 …

Japan leads Asian shares higher, buoyed by Wall St record

TOKYO — Asian shares were mostly higher on Thursday, led by Japan, on optimism over the coming year that pushed Wall Street to new record highs. Shares fell in South Korea despite signs tensions with its rival in North Korea may be easing. KEEPING SCORE: Japan’s benchmark Nikkei 225 advanced 2.5 per cent to 23,337.47 …

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