News Formal

Market plunges on inflation, peso woes

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

Inflation Nyheter

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 1. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: TheManilaTimes - 🏆 2. / 92 Läs mer »

BCDA announces plan to redevelop Market! Market!Defining the News
Källa: MlaStandard - 🏆 20. / 55 Läs mer »