Bloomberg Indian equities dropped on Thursday as investors paused for breath after the longest winning run since November. The S&P BSE Sensex and NSE Nifty 50 Index fell 0.9% each as of 12:39 pm in Mumbai, after earlier rising as much as 0.6% each. Both gauges are still trading close to their highest in almost three months — levels seen …

Bloomberg Philippine stocks climbed the most in Asia, rounding their best seven-day rally in more than two decades, on optimism the economic fallout from the coronavirus outbreak won’t be as bad as feared after the central-bank governor said monetary-easing steps were appropriate. The Philippine Stock Exchange Index climbed 4.4% on Thursday, taking its seven-day rebound to almost 19%. The peso …

Bloomberg Oil erased gains as the Opec+ meeting was put in doubt over cheating by some nations on their output-cuts deal. The producer group won’t hold an early meeting on June 4, and a scheduled gathering next week was also threatened, unless all nations first agree to cut output by as much as they promised, according to people familiar with …