Philippine stocks extended their losses for a second straight trading day on worries about the depreciation of the peso against the US dollar.The Philippine Stock Exchange index dropped 26.44 points, or 0.40 percent, to close at 6,607.22, while the all-shares index declined 11.82 points, or 0.33 percent.
“The peso’s weakening could have many negative impacts on our economy, one of which is the upward measure it may exert on inflation...
Stocks closed virtually flat Monday on thin trading and ahead of the Federal Reserve’s expected interest rate hike this week.
The Philippine Stock Exchange Index...
