Philippines

Coronavirus fears continue to pull down PH stocks, peso

Coronavirus fears continue to pull down stocks, peso By Joann Villanueva   MANILA  (Philippines News Agency) — Foreign selling continues to negatively impact Philippine shares and the peso Thursday partly on news of increasing number of deaths and infection from novel coronavirus (2019-nCoV) in several countries. The Philippine Stock Exchange index (PSEi) shed 0.93 percent, or … Continue reading

Philippines

US-China trade pact, Taal eruption hurt peso, stocks

US-China trade pact, Taal eruption hurt peso, stocksBy Joann Villanueva MANILA (Philippines News Agency) – Risk-off sentiment due to uncertainties of the US-China trade pact and the possible impact of the Taal Volcano eruption to Philippines’ growth and inflation rate weakened both the main equities index and the peso Thursday. Philippine Stock Exchange index (PSEi) … Continue reading

Philippines

Looming US-China trade war drags down PSEi but Peso stays firm

Looming US-China trade war drags down PSEi but Peso stays firm By Joann Villanueva   MANILA (Philippines News Agency)  — Philippine Stock Exchange index (PSEi) succumbed to profit-taking Wednesday while the peso ended little changed against the greenback on concerns of a possible trade war between the US and China. The local currency finished the day … Continue reading