By Angela Moon NEW YORK (Reuters) - Stocks fell on Wednesday with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest U.S. Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting. Trading was volatile - the Dow and the S&P indexes both rose more than 1 percent during the morning, but fell more than 1 percent in the afternoon.

The bellwether Philippine Stock Exchange index (PSEi) fell for a second day after a record high, declining 73.41 points to hit 6,766.08 by midday Wednesday.The broader All Shares index was also down 34.11 points or 0.80 percentAll counters were in negative territory, with the market’s slump led by mining and oil stocks that declined 2.11 percent, financial by 1.46 percent and property by 1.30 percent. The sub-indices of other sectors lost moderately.

LONDON, March 8 (Reuters) - MSCI's world share index hit its highest level since June 2008 on Friday, lifted by an improving global outlook and prospects of highly supportive monetary policies remaining in place in most major economies. The index, which tracks 9,000 stocks in 45 countries, climbed 0.3 percent to 360.00 points in early European trading, leaving it at its strongest level since late June 2008. The index, in which U.S. stocks account for about 53 percent of the total, has gained more than 5.6 percent this year.

* FTSE 100 up 0.5 pct * BT and mining stocks rise * Majority of investors remain bullish on FTSE long-term prospects By Sudip Kar-Gupta LONDON, Feb 1 (Reuters) - A rise in telecoms group BT and mining stocks drove Britain's benchmark share index higher on Friday, pushing the market back to within reach of its highest level in four and a half years.