Saturday 17 November 2018
Home      All news      Contact us      Philipino
inquirer - 5 month ago

Local stocks slump on peso weakness

The peso s depreciation to a 12-year-low against the US dollar ahead of a closely watched US Federal Reserve s monetary policy-setting dragged the local stock barometer down to the 7,600 level yesterday. The main-share Philippine Stock Exchange index (PSEi) fell by 168.32 points or 2.17 percent to close at 7,602.98 while foreign selling escalated as the peso crossed the 53:$1 mark. There was heavy net foreign selling amounting to P1.51 billion for the day. The peso depreciation will have a large ne

Related news

Latest News
Hashtags:   

Local

 | 

stocks

 | 

slump

 | 

weakness

 | 
Most Popular (6 hours)

Most Popular (24 hours)

Most Popular (a week)

Sources