Shares outlook: Flat to lower on HK protests, end of Fed bond buying

PHILIPPINE stocks are expected to trade flat to lower this week, with investors remaining wary over the continuing protests in Hong Kong and as the US Federal Reserve prepares to end its bond buying or quantitative easing (QE) program.

Last week, the PSEi recorded a 0.2-percent decline week-on-week as investors exited the market on geopolitical concerns.