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STOCKS tumbled on Thursday as investors were concerned the arrest of a top executive of Chinese telco giant Huawei could further flare up trade tensions between China and the United States.
THE MAIN INDEX rallied to the 7,700 level on Tuesday, driven by the optimism from the truce between China and the United States alongside expectations of tamer inflation for the month of November.
THE MAIN INDEX tumbled on the last trading day of November, failing to sustain early morning gains due to the MSCI rebalancing and dovish comments from the US Federal Reserve chief, accompanied by window dressing.
SHARES surged on Monday as investors tracked positive finishes in US markets last Friday, while also gaining confidence from Moody’s Investors Service’s outlook on the local banking system.
PHILIPPINE SHARES rose overall for the third straight day back above the 7,000 line on Friday, a day after the Bangko Sentral ng Pilipinas (BSP) raised policy rates further — though by a smaller magnitude — to temper inflation expectations.
SHARES SLUMPED on Friday as investors continued to sell their holdings after the slower third-quarter gross domestic product (GDP) growth data released on Thursday.
THE MAIN INDEX snapped its five-day winning streak on Tuesday, tracking the equity sell-off seen across international and regional markets triggered by various geopolitical concerns, including tensions between the United States and Saudi Arabia
SINGAPORE — With a little less than a quarter left of a year that’s already witnessed a trade war between the world’s two largest economies, higher oil prices and a still ongoing emerging-markets rout, what’s an investor in Southeast Asia to do?