Stock Markets

Forbes writer cites Duterte factor in PH econ

MANILA — A contributor of Forbes magazine cited the latest run-up of the Philippine Stock Exchange index (PSEi), saying markets have noted the strength of the domestic economy. President Rodrigo Duterte’s ratings have been posting record-highs and despite its recent drop, US-based Economics Professor Panos Mourdoukoutas said the main stocks market remains upbeat. In his article titled Duterte’s …

Peso ends slide vs USD; PSEi reverts after hitting new highs

MANILA – – The Philippine peso took a breather Wednesday from series of slides during the past days while the Philippine Stock Exchange index (PSEi) finished on the red after hitting another record-high Tuesday. The local curency finished the day at 51.35 from 51.44 a day ago, which a trader pointed to renewed US-North Korea …

Asian markets advance after strong Wall Street week

BEIJING— Most Asian markets rose Monday following a strong week on Wall Street as Chinese trading resumed after a holiday. KEEPING SCORE: The Shanghai Composite Index rose 1.1 per cent to 3,383.73 points and Sydney’s S&P-ASX 200 gained 0.6 per cent to 5,745.60. Markets in Japan and South Korea were closed for holidays. India’s Sensex …

Peso stays flat vs USD; PSEi slids after posting new highs

MANILA – The Philippine peso finished Thursday almost unchanged against the USD, partly due to the negative close of the Philippine Stock Exchange index (PSEi) a day after posting another record-high level. The local unit finished the day at 51.01 from the previous session’s  51.00 close, which a trader attributed to wait-and-see stance ahead of …

Japan, Hong Kong shares track Wall Street advance

TOKYO—Shares in Japan and Hong Kong gained Tuesday, tracking an overnight rally on Wall Street, where indexes set fresh record highs. Australia’s S&P/ASX 200 fell, and the South Korean and Shanghai markets were closed for national holidays. KEEPING SCORE: Japan’s benchmark Nikkei 225 jumped 1.1 per cent to finish at 20,614.07 as the yen weakened …

Asian shares advance on strong factory data for China, Japan

TOKYO — Shares in Asia are higher after China and Japan reported stronger than expected factory data. Many markets in the region were closed Monday for national holidays. KEEPING SCORE: Japan’s Nikkei 225 stock index rose 0.1 per cent to 20,376.90 and the S&P ASX/200 jumped 1.1 per cent to 5,743.40. Shares in Singapore and Taiwan also …

Peso, PSEi finish week with gains

MANILA — Volatility in the financial market continues to affect the Philippines’ financial markets but on a positive note with equities market recovering amid foreign selling and the peso improving against the greenback. The Philippine Stock Exchange index (PSEi) recovered anew and rose 0.19 percent, or 15.39 points, to 8,171.43 points. The broader All Shares ticked up …

Peso keeps ground vs USD, PSEi down

MANILA — The Philippine peso closed Monday firm against the greenback but the main equities gauge finished in the red. The local currency ended the week’s first trading day at 50.71 from 50.725 Friday last week. It started the day better at 50.58 from 50.97 in the previous session. It traded between its closing level and …

Asian stocks flat as investors await Fed meeting results

SEOUL, Korea, Republic Of — Asian stock markets were little changed on Wednesday as investors took to the sidelines ahead of the Federal Reserve’s announcement of the result of its meeting. KEEPING SCORE: Japan’s Nikkei 225 was flat at 20,298.80 and South Korea’s Kospi edged down 0.1 per cent to 2,413.63. Hong Kong’s Hang Seng …

Asian markets rise ahead of Trump speech, Fed meeting

BEIJING—Asian stock markets rose Monday as investors looked ahead to a U.S. Federal Reserve policy meeting and President Donald Trump’s speech at the United Nations. KEEPING SCORE: The Shanghai Composite Index gained 0.3 per cent to 3,363.91 and Hong Kong’s Hang Seng rose 0.9 per cent to 28,065.35. Japanese markets were closed for a holiday. …

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