- Advertisement -
- Advertisement -
A Philippine property firm which is building a skyscraper with US presidential election winner Donald Trump bucked the global stock market sell-off on Wednesday, with its shares rising 20 percent.
Century Properties, developer of the Trump-licensed Trump Tower in Manila, jumped 20 percent from P0.60 to P0.72 on the local stock market.
“It is all related to the connection to Trump,” said Astro del Castillo, managing director with local investment firm First Grade Finance.
The main index on the Philippine Stock Exchange fell 2.5 percent and other regional markets suffered deeper falls.
Trump, a successful businessman, is nevertheless seen as a loose cannon with policies which many fear could wreck the world’s biggest economy.
- Advertisement -