MANILA: Food giant Monde Nissin Corp’s record-breaking entry into the Philippine stock market is driving a shake-up that is impacting everything from the nation’s consumer sector to holdings of some of the biggest money managers.
Monde Nissin IPO has top funds ditching blue chip stocks bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
MANILA • Food giant Monde Nissin's record-breaking entry into the Philippine stock market is driving a shake-up that is impacting everything from the nation's consumer sector to the holdings of some of the biggest money managers.. Read more at straitstimes.com.
Asian shares rose Friday, powered by encouraging signs that the US economic recovery from the COVID-19 pandemic is gaining momentum.
US President Joe Biden’s proposal for a US$6 trillion budget also boosted buying of shares likely to benefit from heavy government spending.
The TAIEX rose 1.62 percent to 16,870.86 points, up 3.5 percent for the week, while Tokyo’s Nikkei 225 index climbed 2.1 percent and other regional benchmarks were all higher.
Shares in Chinese online retail giant JD.com Inc’s (京東) logistics arm rose 4.3 percent on their first trading day in Hong Kong after it raised HK$24 billion (US$3.1 billion) by selling a