Philippine stocks succumbed to profit-taking Tuesday after the peso plunged to a new 18-month low of 58 per US dollar.
The bellwether Philippine Stock Exchange index (PSEi) closed at 6,633.66, down 49.12 points, or 0.74 percent, from Monday, while the broader all-shares index lost 12.93 points, or 0.36 percent, to settle at 3,535.77.
Rizal Commercial Banking Corp. chief economist Michael Ricafort said investors were worried about the depreciation of the peso...
Stocks slumped Tuesday along with the rest of Asian markets on concerns over the impact of China’s COVID-19 restrictions on the world’s second-largest economy...
The stock market retreated Monday on profit-taking as renewed inflation fears discouraged investors from buying.
The Philippine Stock Exchange Index dropped 58.48 points, or 0.9...
Share prices are expected to return to sideways trading after last week’s technical rebound as investors remain wary about the recovery of the domestic...
Stocks rallied Friday along with the rest of Asia following China’s decision to lower a key benchmark rate, injecting optimism among traders that it...
