Asian Stocks Swing; Yuan Drops After Trade Miss: Markets Wrap
Asian stocks fluctuated Thursday as investors assessed the implications of the recent market turmoil that has elevated volatility. The yuan dropped the most since August 2015 after trade figures missed estimates and amid speculation policy makers will step up efforts to rein in gains. Read more @ https://www.bloomberg.com//news/articles/2018-02-07/asia-braces-for-more-volatility-as-bonds-slide-markets-wrap
Philippine stocks log biggest single-day price drop in over a year – This is a great news for us – the market just got cheaper.
MANILA, Philippines – Philippine stocks suffered their biggest single-day price drop in over a year on Monday, February 5, dragged by sell-offs in global markets. The bellwether Philippine Stock Exchange index (PSEi) on Monday ended at 8,616 points, 2.21% or 194.75 points lower than that of Friday, February 2. The broader All Shares also slid by 111.40 points or 2.15% to 5,070.42 points on Monday. Foreign funds bought P3.104 billion worth of shares on Monday and sold P5.058 billion, resulting in net selling of P1.954 billion. Read More @ https://www.rappler.com/business/195308-philippine-stock-exchange-index-february-5-2018
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