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
- 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 Xi – READ 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