HONG KONG, China—Asian stocks sank in holiday-thinned trade Wednesday, tracking a sharp sell-off on Wall Street after fresh US data dealt another blow to hopes the Federal Reserve will cut interest rates this year.
The reading on labor costs followed a string of recent reports out of Washington suggesting the central bank’s battle against inflation has some way to go, even with borrowing costs at two-decade highs.
It also adds to...
Monde Nissin Corp. and Emperador Inc. are set to join the 30-member Philippine Stock Exchange index, in place of Bloomberry Resorts Corp. and Robinsons...
Stocks retreated Thursday on profit taking after the benchmark index jumped to near two-year high the other day on looser COVID-19 restrictions.
The Philippine Stock...
Share prices rose Wednesday on declining COVID-19 cases and the return of the capital region to less rigid lockdown measures.
The Philippine Stock Exchange Index...
