MANILA, Philippines —
“The bourse struggled to have a clear direction early in the day before heavy selling occurred near the closing bell. This reflected the cautiousness of the investors throughout the session,” he said. Local counters were covered in red, with property suffering the biggest decline of 1.99 percent, followed by services, which fell by 1.15 percent.
Markets mostly rose Tuesday following advances on Wall Street, while the yen held gains after the previous day's sharp swings...The Bangko Sentral ng Pilipinas is one of the central banks in the region that has enough dollar buffers to defend its currency...
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