Asian stocks rise on Dow’s record high
Asian markets rose Wednesday after Wall Street and European stocks reached new highs, and as China released better than expected trade figures for April.
Asian markets rose Wednesday after Wall Street and European stocks reached new highs, and as China released better than expected trade figures for April.
Local stocks bounced on Wednesday after a two-day slump, drawing strength from rallying US markets, an upbeat China trade data and a good stream of first quarter local corporate earnings.
Asian markets were mixed Tuesday, with Tokyo soaring to its highest close in almost five years after a four-day holiday weekend but with other major bourses following Wall Street’s uncertain lead.
Local stocks pulled back for a second session on Tuesday, albeit on thin volume, as rich valuations spurred profit-taking.
Asian markets rose Monday after a strong US jobs report revived optimism over the US economic recovery and drove Wall Street to record highs.
Local stocks trekked higher for the fifth straight session on Thursday as investors correctly anticipated that the Philippines would bag an investment grade rating from a second global credit watcher.
Asian markets mostly rose on Tuesday after another record close on Wall Street, while sentiment was also boosted by news that a new government had finally been formed in Italy after months of deadlock.
Local stocks edged higher for the fourth session on Tuesday on month-end window-dressing, upbeat first quarter earnings flow and global regime of easy monetary policy.
Asian markets were mixed on Monday while the dollar slipped after US economic growth data came in below forecast owing to deep federal spending cuts.
Gaming stocks fell sharply on Monday as the market weighed in the risks of a change in tax regime arising from the loss of tax-exemption status by the industry regulator Philippine Amusement & Gaming Corp. (Pagcor).
Most local stocks crept higher on Monday, rising for a third session, aided by month-end window-dressing and a relaxed monetary policy.
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.
