Philippine stocks closed lower for third straight trading day, with the benchmark index falling below the 6,700 level, as November inflation rate
quickened to 2.5 percent from 2.3 percent the previous month.
Among sectoral indices, property dropped 0.65 percent, while industrial fell 0.60 percent. On the other hand, holding firms rose 0.39 percent, while mining and oil picked up 0.17 percentThe stock price of food manufacturing giant Universal Robina Corp. declined 4.52 percent to P76. while Aboitiz Equity Ventures Inc. jumped 1.17 percent to P34.70.
And Trump’s transition team noted he had co-chaired the Digital Chamber of Commerce, which promotes the use of digital assets, since 2017. After breaking the key level, bitcoin continued to push higher and hit a peak of $103,800 on Thursday. The upheaval comes as Asia’s number-four economy struggles to gain traction, while worries build on the possible impact of Trump’s presidency as he prepares to reignite his hardball trade policy when he takes power next month.“The silver lining we think is that the swift reversal of the martial law underscores the resilience of South Korea’s institutions,” said analysts at BMI, a unit of Fitch Solutions.
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