Stocks end three-day rise; Converge leads advancers

in the Fed’s rate hike campaign was offset by fresh geopolitical concerns over Ukraine and profit-taking.

Four of the 10 most active stocks ended in the green, led by Converge ICT Inc. which jumped 8.2 percent to P15.08 and International Container Terminal Services Inc. which rose 2 percent to P187.50. Ayala Land Inc. was up 1.8 percent to P27.809. The optimism had been further enhanced by China’s pledge to provide much-needed support to the country’s beleaguered property sector as well as ease some of the strict Covid-19 restrictions that have played a major role in dragging the economy down.

The news sparked fears that if it was proved to be an attack on Poland, a NATO member, the nine-month war in Ukraine could escalate.

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Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Global stocks slip, dollar steady as retail sales tip Fed outlookOn Wall Street, the Dow Jones Industrial Average falls 0.12%, the S&P 500 loses 0.83%, and the Nasdaq Composite drops 1.54% on Wednesday, November 16.
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Global stocks slip, dollar steady as retail sales tip Fed outlookGlobal stocks slid from two-month highs and the safe-haven dollar steadied on Wednesday after stronger-than-expected U.S. retail sales clouded the inflation outlook and hopes that the Federal Reserve could ease its aggressive interest rate hikes. |Reuters
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