Overnight Market Snapshot – September 19, 2013

BREAKING. The US equities markets (DJIA + 0.95%, S&P 500 +1.22%, Nasdaq +1.01%) along with emerging market shares like the iShares MSCI Philippines Index ETF (EPHE +7.20%) and Philippine Long Distance Company ADRs (PHI +3.74%) jumped as the US Fed surprises with no taper. Risk-on attitude will likely spill over in today’s trading in the local stock market.

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