Market plunges on inflation, peso woes

📆 04/06/2024 11:55 a. m.
📰 PhilstarNews

⏱ Reading Time:
14 sec. here
3 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 94%

Inflation Noticias

Philippine Stock Exchange

Share prices retreated amid concerns on inflation as well as the peso, which slumped for a second straight trading day to fresh 19-month lows.

The benchmark Philippine Stock Exchange index ended its brief two-day climb as it slipped back below the 6,400 level, plunging by 1.3 percent or 84.32 points yesterday to end at 6,386.42.MANILA, Philippines —

Year to date, the local unit is now down by P3.34 or 5.7 percent from its end-2023 close of P55.37 versus the greenback. At the local market, it was a bloodbath as all sector gauges were in the red, with holding firms suffering the largest drop of 2.5 percent.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Escribir Comentario

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Taiwan Tech giant Foxconn eyes 40% global AI server market shareTAIPEI — Taiwanese tech giant Foxconn said Friday its global market for artificial intelligence (AI) servers is expected to increase to 40 percent this year, with AI products being the main driver for growth.
Fuente: TheManilaTimes - 🏆 2. / 92 Leer más »

BCDA announces plan to redevelop Market! Market!Defining the News
Fuente: MlaStandard - 🏆 20. / 55 Leer más »