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Asian stocks arrest slide, investors remain on edge over China virus

Tom Westbrook, Reuters
Posted at Jan 22 09:38 AM

Fears of contagion, particularly as millions travel for Lunar New Year festivities, knocked stocks from record levels on Tuesday as investors swapped them for safer assets. Read more »

China virus outbreak spooks global markets as fourth death reported

Brenda Goh and Sophie Yu, Reuters
Posted at Jan 21 02:46 PM

Asian shares fell as investors likened the outbreak to the 2002/2003 spread of Severe Acute Respiratory Syndrome (SARS), another coronavirus which broke out in China and killed nearly 800 people in a global pandemic. Read more »

Asia shares hold steady, BOJ and Trump awaited

Wayne Cole, Reuters
Posted at Jan 21 08:48 AM

Moves elsewhere were likewise modest, with Japan's Nikkei down 0.1 percent and South Korea 0.04 percent. E-Mini futures for the S&P 500 eased 0.05 percent. Read more »

PH shares plunge over 2 percent to fall back 7,500

ABS-CBN News
Posted at Jan 20 11:20 PM

The picture doesn't get much prettier here at home, as Philippine shares plummet back to 7,500, a level not reached since October last year. Read more »

Asia shares camp on high ground, oil up on Libya shutdown

Wayne Cole, Reuters
Posted at Jan 20 09:03 AM

Oil prices jumped as oilfields in southwest Libya began shutting down after forces loyal to Khalifa Haftar closed a pipeline, potentially reducing national output to a fraction of its normal level. Read more »

Asian shares firm as China's GDP raises hopes of recovery

Andrew Galbraith, Reuters
Posted at Jan 17 11:56 AM

The world's second-largest economy grew 6 percent in the fourth quarter of 2019 from a year earlier, and 6.1 percent for the full year, official data showed on Friday. Read more »

PH shares stage last-minute bounce amid increased trade optimism

ABS-CBN News
Posted at Jan 15 12:41 AM

Philippine shares staged a last-minute bounce as it played catch up with the rest of Asia, following Monday's trading suspension. Read more »

Asia shares flatline, wait for US and China to seal trade deal

Wayne Cole, Reuters
Posted at Jan 13 08:38 AM

MSCI's broadest index of Asia-Pacific shares outside Japan barely budged, having hit the highest since mid-2018 last week. Read more »

Stocks, currency spot trading canceled Monday due to Taal eruption

ABS-CBN News
Updated as of Jan 13 07:33 AM

The Philippine Stock Exchange said there would be no trading Monday due to the eruption of Taal Volcano, which blanketed in ash parts of Luzon, including Metro Manila.   Read more »

World stocks at record high as techs lead relief rally

Hideyuki Sano, Reuters
Posted at Jan 10 09:11 AM

MSCI's broadest gauge of the world's stocks in 49 countries rose a tad to hit an all-time high and its index on Asia-Pacific shares outside Japan rose 0.18 percent. Read more »

Asian shares slump; gold, oil soar after Iran strike on US forces

Andrew Galbraith, Reuters
Posted at Jan 08 11:21 AM

Iran's missile attacks on the Ain Al-Asad air base and another in Erbil, Iraq, early Wednesday came hours after the funeral of an Iranian commander whose killing in a US drone strike has raised fears of a wider war in the Middle East. Read more »

Asia stocks attempt a rally as Iran anxiety ebbs

Wayne Cole, Reuters
Posted at Jan 07 09:01 AM

Asian shares rebounded on Tuesday as a day passed without a new escalation in the Middle East and Wall Street erased early losses to end in the black as tech stocks climbed. Read more »

Expert advice to make 2020 your best money year yet

Aneth Ng-Lim
Updated as of Jan 07 08:55 AM

If you’re like 8 out of 10 Filipinos, you turn to family and friends for money advice. Nothing wrong with that when you are just shopping for options, say what kind of insurance they own, where they bank, or what are the good investments they made these days. Read more »

Oil prices jump, stocks sink on fear of US-Iran war

Agence France-Presse
Posted at Jan 06 09:45 PM

Oil prices jumped, gold hit a 6.5-year high and most equities tumbled Monday after the US assassination last week of a top Iranian general continued to fuel fears of a major conflict in the Middle East, dealers said. Read more »

Asian shares rise on China's policy easing, trade deal hopes

Andrew Galbraith, Reuters
Posted at Jan 02 12:23 PM

Investors also cheered news that the United States and China will sign a trade pact soon after a year of volatile negotiations between the world's two largest economies. Read more »

Stock market predictions are as reliable as weather forecasts

Jeff Sommer, The New York Times
Posted at Dec 25 05:44 AM

Strategists, some of whom are smart, are issuing precise predictions for where the market will be in 12 months and they look authoritative. The record shows that they are not as rock-solid as they appear. Read more »

Wall Street posts records amid trade optimism; Boeing juices Dow

Lewis Krauskopf, Reuters
Posted at Dec 24 07:52 AM

Wall Street's main indexes posted record closing highs on Monday after President Donald Trump said an initial US-China trade pact would be signed soon, while Boeing gave the Dow a big boost after the planemaker ousted its chief executive officer.   Read more »

Asia stocks digest meaty gains, sterling starved for love

Wayne Cole, Reuters
Posted at Dec 20 08:50 AM

MSCI's broadest index of Asia-Pacific shares outside Japan was a fraction firmer in early trade, having gained 1.2 percent for the week so far and almost 5 percent for the month. Read more »

Asia shares rest at highs, sterling licks wounds

Wayne Cole, Reuters
Posted at Dec 18 08:36 AM

MSCI's broadest index of Asia-Pacific shares outside Japan was dead flat in thin early trade, just off its highest since June last year. Read more »

PSEi advances after Wall Street

ABS-CBN News
Posted at Dec 17 05:52 PM

Philippine shares advance alongside Asian peers on the back of trade optimism and Wall Street's run to all-time highs. The main index closed above the 7,700 territory. But shares of Manila Water suffered their biggest drop on record. An analyst believes investors have been spooked by reports of bankruptcy among water concessionaires.   Read more »