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Fresh US-China tensions pull local stocks down

Philippine shares closed the trading week in the red, slipping back to the 5,500 territory on renewed tensions between the United States and China. The benchmark Philippine Stock Exchange Index (PSEi) shed 1.17 percent or 65.30 points to close at 5,539.19, while the wider All Shares slid by 0.74 percent to 24.98 points to end […].....»»

Category: newsSource: manilatimes_net manilatimes_netMay 23rd, 2020

Stocks snap 3-day uptick on renewed US-China tensions

The local stock market ended its three-day upswing yesterday, closing 65.30 points or 1.16 percent lower at 5,539.19......»»

Category: financeSource:  philstarRelated NewsMay 23rd, 2020

Hong Kong stocks battered by China security proposal

Real estate companies and financials were among the biggest victims in a stock market sell-off in Hong Kong on Friday after China submitted a security law proposal for the city that has fanned fears of fresh protests......»»

Category: financeSource:  thestandardRelated NewsMay 22nd, 2020

Market rises; ISM tops gainers

Stocks rose slightly Tuesday, spurred by fresh Wall Street records but investors remained jittery about the global economic impact of the coronavirus outbreak in China......»»

Category: financeSource:  thestandardRelated NewsFeb 11th, 2020

Global equities gain on trade deal, Chinese data

Global equities rose on Friday, with Wall Street stocks ending at fresh records, as solid Chinese economic data brightened the global outlook following the landmark US-China trade deal earlier in the week. European markets were all higher following signs the Chinese economy is stabilizing. “China released some broadly positive economic reports, which has boosted sentiment […] The post Global equities gain on trade deal, Chinese data appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJan 18th, 2020

Geopolitical conflict sends stocks lower

Local share prices slid along with their regional counterparts amid the lingering geopolitical tensions resulting from the US airstrike in Baghdad that killed Iran’s top general last week......»»

Category: financeSource:  philstarRelated NewsJan 7th, 2020

Asian stocks mixed on year-end

Asian markets were mixed Monday with activity thinning as investors wind down for the end of the year, with lingering optimism over easing US-China trade tensions driving some gains......»»

Category: financeSource:  thestandardRelated NewsDec 30th, 2019

Asian stocks mixed on yearend profit taking

Asian markets were mixed in early trade Monday, with activity thinning out as investors wind down for the end of the year, with lingering optimism over easing US-China trade tensions driving some gains. Stocks took their lead from a mixed finish to a quiet week on US trading floors, after the Dow edged to a […] The post Asian stocks mixed on yearend profit taking appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsDec 30th, 2019

Market declines; MPIC advances

Stocks fell for a second day amid thin trading, as investors remained nervous over the US-China trade talks with less than a week until Washington is due to impose fresh tariffs on Chinese goods......»»

Category: financeSource:  thestandardRelated NewsDec 10th, 2019

‘Nervy’ trade over HK turmoil

Tokyo stocks opened almost flat on Tuesday as cautious traders fretted over the US-China trade deal and fresh unrest in Hong Kong. The benchmark Nikkei 225 index edged up 0.06 percent or 15.04 points at 23,346.88 in early trade, while the broader Topix index was down 0.10 percent or 1.71 points at 1,702.32. Yoshihiro Ito, […] The post ‘Nervy’ trade over HK turmoil appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsNov 12th, 2019

Global stocks mixed on US-China signals

Global stocks were mixed on Friday, with US indices pushing to fresh records as investors remained fairly upbeat on the prospects of a US-China trade deal despite some confusing signs on where things stand. US President Donald Trump said he had not agreed to roll back any import tariffs as part of a partial trade […] The post Global stocks mixed on US-China signals appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsNov 9th, 2019

Asian markets hit by trade worries, Brexit woes sink pound

Hong Kong, China (AFP) — Asian markets tracked hefty losses in New York on Wednesday owing to growing China-US tensions ahead of fresh trade talks, while the pound remained beaten down by fears Britain is on the verge of crashing out of the EU. The downbeat mood comes as investors fret over signs the global […] The post Asian markets hit by trade worries, Brexit woes sink pound appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsOct 10th, 2019

TERRIFIC 12: Loaded Liaoning is TNT’s first test in Macau

MACAU — If TNT is to break its title drought here for the East Asia Super League’s the Terrific 12 tournament, the KaTropa will have to earn it. The deck has been suddenly stacked for the KaTropa as their first opponent has added major pieces ahead of Group D play. China’s Liaoning Flying Leopards have acquired the services of Lance Stephenson and Salah Mejri to complement a loaded local team led by national team star Guo Ailun. Stephenson played with LeBron James for the Lakers last season and Mejri was last seen by Filipino fans in China, leading African champion Tunisia to a sound beatdown of Gilas Pilipinas in the 2019 FIBA World Cup. The KaTropa are on a collission course against the Flying Leopards Tuesday, with their 9:00 p.m. showdown serving as the main event of a loaded Day 1 slate in The Terrific 12 at the Tap Seac Multi-sport Pavilion. TNT is fresh from a Finals stint in the 2019 PBA Commissioner’s Cup, the team’s first in two years. However, the KaTropa lost that series in six games and their title drought is now at four years and counting. In Macau, TNT can play for a title if it maintains its high-quality of play that ran amok in the PBA but the KaTropa no longer have Best Import Terrence Jones in the fold. They do have the next best thing in KJ McDaniels, who will also suit up for the team in the Governors’ Cup. TNT also has McKenzie Moore for added import firepower. The KaTropa also sill have their local Big 3 of Jayson Castro, Troy Rosario, and RR Pogoy to count on scoring.   — Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsSep 16th, 2019

TERRIFIC 12: Alapag all set for tough Macau tilt after quick “tourist” day

Jimmy Alapag has become some sort of East Asia Super League legend by now. Last year in the Summer Super 8 tournament, Alapag, fresh from an ABL championship with San Miguel-Alab Pilipinas, led the coaching clinic in Macau, sharing his knowledge with over 50 basketball coaches in the region. Just recently, Coach Jimmy was back in Macau to help promote the 2019 Terrific 12 joust. His latest trip was focused on sightseeing, interacting with local fans and enjoying all the tourist attractions that Macao SAR has to offer. Alapag visited the Philippine Consulate, a locally owned Filipino restaurant, hosted Q&A sessions with fans and hosted East Asia Super League merchandise giveaways.   The former PBA MVP and 11-time All-Star kicked off the day by visiting some of the most iconic destinations including Rua do Cunha at the center of Taipa as well as the Ruins of St Paul’s Cathedral. “Macao’s tourism sector is consistently growing and this is a great location for events. People from so many different countries come to visit and enjoy the culture, food and people,” Alapag said. “To bring a big-time sports event like The Terrific 12 to Macao is huge for locals and tourists. There’s a ton of sports fans in the region and they can all converge in Macao to watch their favorite and the best basketball teams fight for The Terrific 12 crown,” coach Jimmy added. With tourist stuff done, Alapag now turns his attention to the actual Terrific 12 tournament where he finally gets the chance to compete in the East Asia Super League. Alapag serves as an assistant coach for the mighty San Miguel Beermen and the reigning five-time Philippine Cup champions are hoping to make a title pit stop in Macau before resuming a Grand Slam chase in the PBA. In the Terrific 12, the Beermen will have defending champion Ryukyu Golden Kings from Japan, and China’s Shenzen Aviators in group play. Aside from San Miguel, TNT KaTropa and the Blackwater Elite will also see action for the PBA. “The Terrific 12 is the best international club to club competition platform in the region and this is something that coaches and players have desired for a long time,” Alapag said. “Playing in this amazing tourist destination against new opponents offers an incredible opportunity for our club and our league to showcase what we can do to basketball fans across the world,” he added.   — Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsSep 5th, 2019

Local property stocks tumble as China wants Philippines to ban all forms of online gambling

Local property stocks tumble as China wants Philippines to ban all forms of online gambling.....»»

Category: newsSource:  bworldonlineRelated NewsAug 22nd, 2019

PHL stocks snap four-day climb on profit taking

LOCAL SHARES slipped on Thursday as investors decided to stay on the sidelines and take profits amid lingering trade tensions......»»

Category: financeSource:  bworldonlineRelated NewsMay 23rd, 2019

US-China trade conflict may hurt local industries — DOF

The renewed trade tensions between the US and China may hurt local industries, according to the Department of Finance (DOF)......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2019

IMF chief says U.S.-China tensions threat to world economy

PARIS, France – The head of the International Monetary Fund (IMF) said Tuesday, May 7, that fresh trade tensions between the United States and China were the main threat to the world economy . "Clearly the tensions between the United States and China are the threat for the ........»»

Category: newsSource:  rapplerRelated NewsMay 7th, 2019

Stock Market: PSEi sinks to 6,500 level amid global volatility

LOCAL STOCKS stumbled on Thursday, with the main index sinking to the 6,500 level, amid global volatility and a lack of fresh leads to prompt a "Santa Claus" rally......»»

Category: financeSource:  bworldonlineRelated NewsDec 22nd, 2016

Stock Market: PSEi to try to chase away gloom this week

LOCAL STOCKS are expected to tread water this week -- returning to 7,500 level at best, or at worst, breaching the 7,300 territory that could set off a fresh bout of heavy selling after Friday's reprieve, analysts said over the weekend......»»

Category: financeSource:  bworldonlineRelated NewsOct 16th, 2016

Stocks ease on lack of fresh leads

MANILA, Philippines – The local stock market retreated yesterday as investors continued to stay on the sidelines ahead of the US Fed meeting next week, analy.....»»

Category: financeSource:  philstarRelated NewsSep 14th, 2016