{"id":197084,"date":"2019-01-09T05:38:28","date_gmt":"2019-01-09T10:38:28","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=197084"},"modified":"2019-01-09T05:38:28","modified_gmt":"2019-01-09T10:38:28","slug":"local-markets-weaken-over-uncertainties-overseas","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/01\/09\/local-markets-weaken-over-uncertainties-overseas\/","title":{"rendered":"Local markets weaken over uncertainties overseas"},"content":{"rendered":"
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Property led the sectors with a drop of 1.76 percent and was followed by the Mining and Oil, 1.37 percent; Financials, 0.92 percent; Holding Firms and Services, both lost 0.90 percent; and Industrial, 0.45 percent. (Shutterstock Photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— Investors’ wait-and-see stance pending the outcome of US-China trade talks ended the Philippine Stock Exchange index (PSEi) rally Tuesday and the peso followed suit.<\/p>\n

PSEi shed 1.10 percent, or 85.54 points, to 7, 702.12 points.<\/p>\n

Citing reports, Regina Capital Managing Director Luis Limlingan said senior Chinese officials \u201cunexpectedly showed up for negotiations\u201d in Washington \u201cin an effort to resolve long-standing trade disagreements that have triggered uncertainty in global markets.\u201d<\/p>\n

This development gave observers some optimism, he said, noting the reports.<\/p>\n

On the other hand, release of trade reports from the US have been suspended given the on-going government shutdown, which is now on its 17th day.<\/p>\n

Investors are also awaiting the result of the parliamentary vote, set on January 15, on British Prime Minister Theresa May\u2019s exit plan from the European Union (EU), it was explained.<\/p>\n

These factors played in Tuesday\u2019s equities trading in the Philippines, which saw bleeding on all counters.<\/p>\n

The broader All Shares declined by 0.81 percent, or 37.80 points, to 4,634.17 points.<\/p>\n

Property led the sectors with a drop of 1.76 percent and was followed by the Mining and Oil, 1.37 percent; Financials, 0.92 percent; Holding Firms and Services, both lost 0.90 percent; and Industrial, 0.45 percent.<\/p>\n

Volume reached 1.2 billion shares amounting to PHP6.03 billion.<\/p>\n

Losers led gainers at 118 to 69 while 44 shares were unchanged.<\/p>\n

Relatively, the peso finished the day at 52.47 from 52.38 a day ago.<\/p>\n

It opened the day at 52.39, little changed from the previous session\u2019s 52.4 start to a US dollar.<\/p>\n

It traded between 52.49 and 52.38, resulting to an average of 52.454.<\/p>\n

Volume reached USD798.9 million, lower than the USD822.45 million a day ago.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— Investors’ wait-and-see stance pending the outcome of US-China trade talks ended the Philippine Stock Exchange index (PSEi) rally Tuesday …<\/p>\n","protected":false},"author":44,"featured_media":4978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-197084","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/197084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=197084"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/197084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/4978"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=197084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=197084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=197084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}