Stock Markets

PSEi rises anew as PHP stays firm amid US strength

MANILA—Philippines’ equities market rose for the fifth consecutive day Wednesday amid profit-taking while the peso remained strong on back of some risk-off sentiment ahead of the announcement of the Trump administration’s tax reform package. The Philippine Stock Exchange index (PSEi) rose 0.34 percent, or 25.99 points, to 7,726.45 percent, a level last seen in the …

PHL posts USD211.15-M hot money inflow in second week of April ’17

MANILA—The Philippines posted a net inflow of foreign portfolio investments in the week ending April 14, 2017 amid a shortened workweek in observance of the Holy Week. Data released by the Bangko Sentral ng Pilipinas (BSP) Wednesday showed that foreign portfolio investments, or hot money, called as such based on the speed it comes in …

Asian stocks slip on UK surprise election, weak earnings

SEOUL, Korea, Republic Of — Asian stocks fell Wednesday after British Prime Minister Theresa May’s surprise decision to hold early elections. Weak corporate earnings weighed on Wall Street investor sentiment. KEEPING SCORE: Tokyo’s Nikkei 225 edged up 0.1 per cent to 18,432.20 as the yen weakened slightly. South Korea’s Kospi shed 0.5 per cent to …

Canadian market surges with largest gain in six weeks

TORONTO—After closing last week at a two-week low, Canada’s main stock market bounced back with its biggest single-day jump since March 1, as Financial and Energy sectors had the biggest impact on the session. The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite rose 149.41 points, or 0.96 percent to begin the week at 15,684.8 …

Peso, PSEi stengthen ahead of holidays

MANILA—Phillippine currency and stock market strengthened on Wednesday ahead of holidays. Peso finished the day’s trading at Php 49.43 to a US dollar, gaining 21centavos from last day’s closing of Php 49.64. “No compelling data for Wednesday’s closing. It’s just continuation of conversion ahead of the long weekend,” a bank trader said. Peso returned to …

Canadian market closes session flat

TORONTO—Canada’s main stock market closed slightly down on Tuesday, as declines in Health Care and Financial sectors outweighed gold prices reaching a five-month high. The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite inched down 3.68 points, or 0.02 percent to finish the day at 15,727.11 points. Half of the ten sub-groups closed the day …

PHP strengthens further vs USD as PSEi ends two-day rally

MANILA—Upsurge of the Philippine peso continued Tuesday after the local currency closed to its almost two-month high against the greenback, given the foreign capital flows to the local equities market. The peso finished the day’s trade at 49.63, its highest after the 49.98 last Jan. 12, from 49.70 Monday. A trader said foreign investment inflows …

Canadian market climbs to six-week high

TORONTO—Canada’s main stock market closed Thursday’s session at its highest point since Feb. 23, as gains in Health Care and Energy sectors contributed to a day that saw few laggards. The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite climbed 54.19 points, or 0.35 percent to close the day at 15,697.18 points. Eight of the …

Asian shares mixed ahead of Trump Xi meeting

TOKYO — Shares wavered Tuesday in Asia as regional markets appeared to shrug off the latest North Korean missile test. But trading was light ahead of U.S. data releases and meetings later in the week between President Donald Trump and his Chinese counterpart, Xi Jinping. KEEPING SCORE: Japan’s Nikkei 225 index gained 0.1 per cent …

Asian stocks mostly lower ahead of US China summit

SEOUL, Korea, Republic Of — Asian stock markets were mostly lower on Tuesday after disappointing U.S. car sales data contributed to a bleak day on Wall Street. Investors are cautiously awaiting President Donald Trump’s meeting with the Chinese president later this week. KEEPING SCORE: Japan’s Nikkei 225 fell 0.6 per cent to 18,866.99 as the …