Hong Kong stocks open 0.35 percent higher
Hong Kong stocks opened 0.35 percent higher on Friday, recouping some of their losses from the previous session, which saw steep falls in line with a regional sell-off.
Hong Kong stocks opened 0.35 percent higher on Friday, recouping some of their losses from the previous session, which saw steep falls in line with a regional sell-off.
Tokyo stocks lost 0.42 percent on Friday morning, dragged down by a stronger yen as investors await a Bank of Japan policy meeting ahead of a holiday-studded week in Japan.
China’s trade surplus increased 7.7 percent year-on-year to $29.2 billion in January, the General Administration of Customs said Friday.
As the outlook on the country’s economy continues to be bright while interest rates remain thin, Filipinos are now able and willing to spend more this year, benefiting food manufacturers, retailers and mall operators.
Asian markets were mixed Friday, with Tokyo supported by further weakness in the yen, while Hong Kong and Shanghai dipped after official data showed Chinese manufacturing saw a moderate slowdown.
Living up to President Aquino’s advance information that the numbers would impress, the Philippine economy expanded 6.8 percent in the fourth quarter of 2012, lifting full-year growth to 6.6 percent.
Oil prices eased in Asia Friday, as dealers took a breather from a rally in New York that was spurred by encouraging data on Chinese manufacturing and US jobs, analysts said.
Tokyo stocks surged 1.99 percent on Friday morning, as the yen resumed its downward trend and following another positive lead from the Dow Jones Industrial Average.
Tokyo stocks jumped more than three percent on Friday, the first day of 2013 trading, following global rallies on a US deal to avert a “fiscal cliff” of tax hikes and huge spending cuts.
LIKE any grizzled veteran watching from the sidelines, Gabriel Singson loves telling “war stories,” chuckling as he shares inside jokes and anecdotes from his long years in government service.
The Philippines Stock Exchange doubled its profit in the first nine months compared to last year as the robust stock market encouraged landmark capital-raising and listing activities.
The National Statistical Coordination Board (NSCB) on Monday reported that economic indicators hinted at a possible slowdown in economic growth by yearend.
