Philippines: High inflation tames stock trades
MANILA, Philippines — The benchmark Philippine Stock Exchange index (PSEi) plunged by 91.46 points, or 1.17 percent, as the government reported yesterday a continued rapid increase in inflation. The broader All Shares gauge was likewise in the red, shedding 24.85 points, or 0.53 percent, to finish at 4,635.59. The sectoral indices likewise took a beating […]
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