The local stock barometer sank by more than 100 points Thursday after the Philippine Statistics Authority reported that inflation rate picked up to a four-month high in September.
“The unexpectedly high September inflation print poured cold water on investor sentiment and sank the index to its slowest in over a week,” China Banking Corp. managing director Juan Paolo Colet said.
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Source: MlaStandard - 🏆 20. / 55 Read more »