Philippine stocks track rebound in Asian markets - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

PHILIPPINE SHARES corrected on Wednesday, tracking Asian markets, even as concerns over rate hikes and the global economy’s prospect continued to affect sentiment. READ:

The benchmark Philippine Stock Exchange index went up by 20.31 points or 0.30% to close at 6,597.76 on Wednesday, while the broader all shares index improved by 3.64 points or 0.10% to 3,554.04.

US Treasury yields fell to one-month low on Tuesday after housing data pointed to a cooling economy as the Federal Reserve presses on with aggressively hiking interest rates to tackle soaring inflation, Reuters reported. Asia stocks rose on Wednesday even as central banks piled into aggressive rate hikes to battle soaring inflation and left investors worried about slower global growth.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The economic status of Philippine regions: Focusing on the poorest - BusinessWorld OnlineThe year 2021 was without question the recovery year from the pandemic. GDP grew at 5.7% in 2021 compared to a decline of 9.5% in 2020.
Source: bworldph - 🏆 9. / 68 Read more »

Qatar World Cup audience projected at 5 billion, says FIFA boss - BusinessWorld OnlineDAVOS, Switzerland — The 2022 World Cup hosted by Qatar is expected to be watched by five billion people around the world, International Federation of Association Football (FIFA) president Gianni Infantino said on Monday.
Source: bworldph - 🏆 9. / 68 Read more »

Britain set to approve Abramovich’s sale of Chelsea - BusinessWorld OnlineLONDON — Britain is set to approve the sale of Premier League soccer Chelsea to a consortium led by Los Angeles Dodgers part-owner Todd Boehly, a source familiar with the situation told Reuters, after owner Roman Abramovich gave assurances over the deal.
Source: bworldph - 🏆 9. / 68 Read more »

Nadal destroys Thompson to reach French Open second round - BusinessWorld OnlinePARIS — Rafael Nadal showed no signs of pain as the 13-time French Open champion marched into the second round at Roland Garros with clinical 6-2, 6-2, 6-2 demolition of Australian Jordan Thompson on Monday.
Source: bworldph - 🏆 9. / 68 Read more »

Facilitated naturalization of refugees and stateless persons - BusinessWorld OnlineWar, violence, and insecurity in many areas of the world have forced multitudes of people to flee from their homes.
Source: bworldph - 🏆 9. / 68 Read more »

Justin Thomas rises to no. 5 in world rankings - BusinessWorld OnlineJUSTIN Thomas rose to No. 5 in the Official World Golf Ranking on Monday, climbing four spots following his win at the Professional Golfers’ Association (PGA) Championship.
Source: bworldph - 🏆 9. / 68 Read more »