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PSEi retreats below 8000 on geopolitical tensions

The stock market retreated yesterday, closing again at below the 8,000 mark on geopolitical concerns, analysts said......»»

Category: financeSource: philstar philstarApr 16th, 2018

PSEi retreats to 7,800 level

The local stock barometer pulled back sharply on Friday as foreign investors resumed their selldown of local equities. The main-share Philippine Stock Exchange index (PSEi) slid by 143.09 points or 1.78 percent to close at 7,899.98. Regional markets were mixed but trade war tensions started to ease. For the four-day trading week, the index lost 45.68 points from the previous week's finish of 7,945.66. All counters ended lower, but the most battered was the holding firm counter which fell by 2.87 percent as investors sold down shares of SM Investments and Metro Pacific, which both slid by over 4 percent. The property counter faltered by 1.72 percent. There were 134 dec...Keep on reading: PSEi retreats to 7,800 level.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

Philippines has most to gain from China’s ‘Belt’

THE PHILIPPINES has the most to gain from China’s Belt and Road Initiative (BRI) by way of infrastructure investments, a global bank said, even as it cautioned that geopolitical tensions and construction delays could weigh on benefits to the country. In an April 16 report, titled: Belt and Road: Globalization China Style, Nomura said the […] The post Philippines has most to gain from China’s ‘Belt’ appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 17th, 2018

Main-share index falls by 1.78%

The local stock barometer yesterday pulled back sharply as foreign investors resumed selldown of local equities. The main-share Philippine Stock Exchange index (PSEi) slid by 143.09 points or 1.78 percent to close at 7,899.98. Regional markets were mixed as trade war tensions started to ease. For the four-day trading week, the index lost 45.68 points from the previous week's finish of 7,945.66. All counters ended lower, but the most battered was the holding firm counter which fell by 2.87 percent as investors sold down shares of SM Investments and Metro Pacific, which both slid by over 4 percent. The property counter lost 1.72 percent. There were 134 decliners that overwhe...Keep on reading: Main-share index falls by 1.78%.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

Peso climbs amid continued overseas tensions

THE PESO strengthened against the dollar on Friday on the back of a slightly weaker dollar amid continued geopolitical tensions abroad. The local currency closed at P51.95 against the greenback, eight centavos stronger than the P52.03-per-dollar finish on Thursday. The peso opened the trading session slightly weaker at P52.04. It rose to as high as […] The post Peso climbs amid continued overseas tensions appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 13th, 2018

PSEi falls below 8,000 amid Middle East uncertainty

PHILIPPINE stocks slipped below 8,000 on Friday as investors kept remained cautious amid rising tensions in the Middle East. The bellwether Philippine Stock Exchange index (PSEi) dropped 143.09 points or 1.78% to 7,899.98 points. The broader all-shares index shed 64.17 points or 1.32% to 4,794.65 points. “A bloodbath marked the end to an anaemic trading […] The post PSEi falls below 8,000 amid Middle East uncertainty appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 13th, 2018

PSEI tries to cling to once familiar 8,000 mark

  Defying the downturn across regional markets, the local stock barometer retested the 8,000 mark on Thursday as foreign investors started picking up large-cap stocks. The main-share Philippine Stock Exchange index (PSEi) gained 99.14 points or 1.25 percent to close at 8,043.07. Elsewhere in the region, stock markets mostly faltered on fresh geopolitical tension in the Middle East alongside worries on the US Federal Reserve's increasing bias for monetary tightening. "In terms of technicals, 8,050 remains to be a formidable level to beat," Papa Securities said. "Momentum as shown by RSI (relative strength index) also remains weak and until any major development, th...Keep on reading: PSEI tries to cling to once familiar 8,000 mark.....»»

Category: newsSource:  inquirerRelated NewsApr 12th, 2018

Peso weakens anew amid rising tensions in US, China, Russia

THE PESO weakened anew against the dollar on Thursday as it traded within range due to continued geopolitical tensions abroad. The local currency ended yesterday’s trading session at P52.03 against the greenback, 9.5 centavos weaker than its P51.945-per-dollar finish on Wednesday. The peso traded weaker the whole day, opening the session at P51.99. It slipped […] The post Peso weakens anew amid rising tensions in US, China, Russia appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 12th, 2018

Gold rallies as trade-war risks fire up demand

Gold’s sizzling. Investors pushed prices of the haven higher as the U.S. and China exchanged blows on trade, and President Donald Trump installed the hawkish John Bolton as his new national security adviser, ratcheting up geopolitical tensions and fueling gains in crude oil. “Having a ‘neo-con’ back in the White House took the geopolitical risk […] The post Gold rallies as trade-war risks fire up demand appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 23rd, 2018

Stocks decline to track Wall Street on Tillerson

SHARES fell on Wednesday as the lack of catalysts in the local front, alongside tensions in the United States’ political scene, continued to put pressure on regional markets. The 30-member Philippine Stock Exchange (PSEi) index gave up 0.84% or 70.83 points to close at 8,348.74, while the broader all-shares index also dropped 0.61% or 31.31 points […] The post Stocks decline to track Wall Street on Tillerson appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 14th, 2018

PSEi down as foreign selling continues

  The local stock barometer slipped yesterday as investors lacked fresh incentives to load up on large-cap stocks at a time when foreign investors were still on the selling mode. The main-share Philippine Stock Exchange index (PSEi) shed 9.34 points or 0.11 percent to close at 8,372.51 as investors focused on trading companies outside the PSEi. Elsewhere in the region, stock markets mostly firmed up on hopes for improved US-North Korean relations. Based on wire reports, US President Donald Trump was ready to meet North Korean leader Kim Jong-un for the first US-North Korea Summit, welcomed by many as a breakthrough in the geopolitical arena. For the week, the PSEi sh...Keep on reading: PSEi down as foreign selling continues.....»»

Category: newsSource:  inquirerRelated NewsMar 9th, 2018

PSEi retreats to 8,500 on rate hike concerns

The stock market lost nearly a hundred points on Thursday, falling back to the 8,500 level, as investors digested US Federal Reserve minutes that suggested further interest rate hikes. The benchmark Philippine Stock Exchange index (PSEi) ended the day down at 8,515.57, losing 1.14 percent or 98.08 points, while the broader All Shares dipped 0.14 percent [...] The post PSEi retreats to 8,500 on rate hike concerns appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 22nd, 2018

Here comes the Asean-India security alliance

IN 2016, Asia saw its biggest geopolitical shift in years: President Rodrigo Duterte’s reversal of his predecessor’s rabid and wrong-headed anti-China, pro-America security stance. Suddenly, tensions eased in the South China Sea, as rapprochement with Manila led Beijing to halt reclamation, and allow Filipino fishermen back to Scarborough Shoal, which it had seized in 2012. [...] The post Here comes the Asean-India security alliance appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 25th, 2018

Index retreats from record territory

MANILA, Philippines — The benchmark Philippine Stock Exchange index (PSEi) pulled back yesterday after soaring to a record high on Tuesday......»»

Category: financeSource:  philstarRelated NewsJan 11th, 2018

‘Don’t fear death’: China’s Xi urges blunt call to PLA

SHANGHAI: President Xi Jinping has issued a blunt call for China’s military to be ready for war and unafraid to die defending the country, as geopolitical tensions mount in Asia. Xi’s exhortation to the world’s largest fighting force, parts of which were revealed only late Thursday, came during what state media characterized as a rare [...] The post ‘Don’t fear death’: China’s Xi urges blunt call to PLA appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 5th, 2018

PSEi retreats on news of weak OFW remittances

PHILIPPINE shares retreated in early trading on Wednesday as the market reacted to news of weaker remittances from overseas Filipino workers (OFWs) in September. The bellwether index lost 1.23 percent or 103 points to 8,276.64. The wider All Shares dropped 0.86 percent or 42.14 points to 4,871.77. “[The market reacted to the news on] overseas remittances, which… link: PSEi retreats on news of weak OFW remittances.....»»

Category: newsSource:  manilainformerRelated NewsNov 15th, 2017

BSP affirms rates, ups 2018 inflation view

By Melissa Luz T. Lopez Senior Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) kept interest rates steady yesterday with inflation in check and economic activity still upbeat, despite risks from higher oil prices, geopolitical tensions, and rising global yields. As widely expected, the Monetary Board maintained its policy stance for the 25th straight meeting. Policy […] The post BSP affirms rates, ups 2018 inflation view appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 10th, 2017

BSP affirms rates, ups 2018 inflation view

By Melissa Luz T. Lopez Senior Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) kept interest rates steady yesterday with inflation in check and economic activity still upbeat, despite risks from higher oil prices, geopolitical tensions, and rising global yields. As widely expected, the Monetary Board maintained its policy stance for the 25th straight meeting. Policy… link: BSP affirms rates, ups 2018 inflation view.....»»

Category: newsSource:  manilainformerRelated NewsNov 9th, 2017

Market may test 8,150 this week

MANILA, Philippines — The stock market may test the 8,150 mark this week after taking a defensive stance last week on continued rising geopolitical tensions.....»»

Category: financeSource:  philstarRelated NewsSep 10th, 2017

Share prices turn cautious on rising geopolitical concerns

MANILA, Philippines - Asian markets including the Philippines turned lower yesterday as earlier gains were quashed by tensions on the Korean peninsula after.....»»

Category: financeSource:  philstarRelated NewsJul 4th, 2017

Stock Market: PSEi retreats after briefly touching 8,000 level

STOCKS slipped on Tuesday, taking a breather from three straight sessions of gains and failing to sustain the Philippine Stock Exchange index's (PSEi) rally past 8,000 level......»»

Category: financeSource:  bworldonlineRelated NewsMay 9th, 2017