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The local stock barometer rose for the second session in a row yesterday, aided by month- and quarter-end window dressing. The Philippine Stock Exchange index (PSEi) added 17.71 points or 0.24 percent to close at 7,283.07. The gains were led by the industrial counter, which rose 1.27 percent, while the financial and property counters also closed higher. Value turnover amounted to P12.43 billion. There were 85 advancers, which were edged out by 102 decliners, while 43 other stocks were unchanged. Energy Development Corp. (+3.59 percent) led the PSEi gainers alongside Ayala Corp. (+2.28 percent). BDO Unibank, Universal Robina Corp., First...Keep on reading: PSEi continues to recover
HONG KONG--Asian markets mostly slipped Tuesday, with Hong Kong hit for a second day as a pro-democracy protest showed no signs of abating and a gauge of Chinese manufacturing came in below forecast. Traders took their cue from a negative Wall Street. Japanese shares were hit by a surprise fall in factory output while the yen edged up against the dollar. Hong Kong sank 1.28 percent, or 296.23 points, to 22,932.98, extending Monday's 1.90 percent losses. Tokyo closed 0.84 percent lower, shedding 137.12 points to 16,173.52, while Seoul gave up 0.32 percent, or 6.51 points, to end at 2,020.09. However, Sydney added 0.54 percent, or 28....Keep on reading: Asian shares mostly lower, China PMI weighs
FACING three plunder complaints and questions about his unexplained wealth, Philippine National Police Director General Alan Purisima said Tuesday he has become the target of an organized smear campaign to block reforms he put in place to stop syndicates from issuing fake gun licenses and permits. ]]>