News Formal

Stocks plunge on higher inflation

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 55%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The 30-company Philippine Stock Exchange Index fell by 119.60 points, or 1.9 percent, to close at 6,178.60 on October 5, 2023.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks fall ahead of inflation reportPhilippine stocks fell Wednesday ahead of the release of the September inflation rate. The 30-company Philippine Stock Exchange index lost
Source: MlaStandard - 🏆 20. / 55 Read more »