Stocks up, peso falls to 19-month low

MANILA, Philippines —

“Overseas, China’s strong May factory activity, which expanded at 51.7, its fastest pace in nearly two years and beat estimates, lifted the sentiment in the region, including the Philippines,” she said. Meanwhile, the peso slumped further to its weakest level in 19 months yesterday, depreciating by 17 centavos to close at 58.68 to $1 from Friday’s 58.51 to $1, data from the Bankers Association of the Philippines showed.

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Soaring US Treasury yields pummel Philippines stocks, pesoLocal stocks continued their slump, sinking the market to the 6,300 territory as the peso retreated to another 18-month low against the dollar.
منبع: PhilstarNews - 🏆 1. / 94 ادامه مطلب »

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