Asian markets sank further in holiday-thinned trade on Monday, following another global sell-off caused by anxieties over emerging markets and further disappointing manufacturing data out of China.
US stocks continued their record-breaking run Tuesday, closing before a Christmas break at a new all-time high following solid reports on durable goods and new home sales.
Financial markets in Hong Kong, the Philippines, Malaysia, Indonesia, Singapore, Australia, New Zealand, South Korea and India are closed on Wednesday for a public holiday.
By Norman Bordadora
Saying the government shouldn’t profit from the people’s misery, Sen. Alan Peter Cayetano has called for “floating rates” in the collection of the value added tax (VAT) to control skyrocketing prices whenever the costs of basic commodities go up.
HONG KONG – Financial markets in the Philippines are closed on Tuesday for a public holiday.