Wednesday 28 June 2017
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1 months ago

Slower GDP growth, US political jitters drag market down

The local stock barometer slipped yesterday on rising US political jitters and slower-than-expected first quarter domestic economic growth alongside the liquidity-siphoning effect of two local initial public offerings in the market. The main-share Philippine Stock Exchange index shed 68.84 points or 0.88 percent to close at 7,757.69, tracking the sell-off across US and regional markets. Overnight, the Dow Jones Industrial Index fell by 1.78 percent on concerns that the political turmoil involving Presiden

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