News Formal

Stocks up, peso falls to 19-month low

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 94%

Stock Market News

The stock market sustained Friday’s momentum opening on a high note yesterday as investors shopped for bargains. The peso meanwhile, retreated to a 19-month low against the greenback.

MANILA, Philippines —

“Overseas, China’s strong May factory activity, which expanded at 51.7, its fastest pace in nearly two years and beat estimates, lifted the sentiment in the region, including the Philippines,” she said. Meanwhile, the peso slumped further to its weakest level in 19 months yesterday, depreciating by 17 centavos to close at 58.68 to $1 from Friday’s 58.51 to $1, data from the Bankers Association of the Philippines showed.

South Korea will aim to secure critical mineral imports and boost trade ties with Africa as President Yoon Suk Yeol hosts... The 44-year-old Kevin Tan is taking over as president of the listed holding company of his father, tycoon Andrew Tan, in line...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today (May 13, 2024): Asian stocks drift after Wall Street closes another winning weekHONG KONG — Asian stocks were mostly lower on Monday after Wall Street coasted to the close of another winning week. U.S. futures were mixed and oil prices fell. The release of weak Chinese lending data and news that the U.S.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Stocks climb on continued bargain huntingDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

PH stocks seen trading sideways this weekDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

PH stocks end five-day slump; peso reboundsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Soaring US Treasury yields pummel Philippines stocks, pesoLocal stocks continued their slump, sinking the market to the 6,300 territory as the peso retreated to another 18-month low against the dollar.
Source: PhilstarNews - 🏆 1. / 94 Read more »

Stocks, peso fallThe stock market plunged deeper in the red, falling back to the 6,400 level due to economic concerns, while the peso weakened to near all-time low against the dollar.
Source: PhilstarNews - 🏆 1. / 94 Read more »