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 News

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.

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:

 /  🏆 1. in US
 

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

United States United States Latest News, United States United States Headlines

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

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.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

BCDA announces plan to redevelop Market! Market!Defining the News
Source: MlaStandard - 🏆 20. / 55 Read more »