PSEi falls further on Iran war uncertainty

MANILA, Philippines – Philippine stocks slipped further on Monday as investors remained cautious over geopolitical conflicts in the Middle East and their impact on the domestic economy. The Philippine Stock Exchange Index (PSEi) closed at 6,006.55, down 0.86 percent or 52.39 points, marking its third straight day of decline since last week. Luis Limlingan, head of sales at stock brokerage house Regina Capital Development Corp., said the PSEi ended barely above the 6,000 mark, extending last week’s selloff amid cautious sentiment, driven by elevated oil prices and rge ongoing Middle East war. READ: Peso weakens further to 59.87 vs $1 […]...

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