Asia stocks under pressure as vaccine rally falters

WASHINGTON (Reuters) – Asia stocks are likely to come under pressure on Wednesday, tracking declines on Wall Street while gold prices were buoyed by safe-haven demand as economic indicators pointed to more signs of recession.

Hong Kong futures fell 0.23% and Australian shares were set to open lower, tracking U.S. market losses and as diplomatic tensions between Canberra and Beijing rose. Nikkei futures were little-changed versus Nikkei 225 index‘s previous close. READ MORE

PSE TECHNICAL CHART

KEY TAKEAWAYS

  • Some good words from BSP – PH won’t need IMF liquidity aid – Diokno- Read More
  • Besides US & EUROPE unemployment – CHINA NEXT – Millions of Newly Jobless in China Pose a Looming Threat to XiREAD MORE
  • FINWAZE is still cautious over the market conditions; we buy cautiously – only when the price goes to historical support at the moment till we see clear signs of recovery
  • Manila COVID-19 is still not in good condition yet and if there are any further lock-down – the state of the economy will be re-assess

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