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Market plunges on inflation , peso woes
The Philippine Star
|June 05, 2024
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.
The broader All Shares index likewise fell by 0.92 percent or 32.01 points to finish at 3,439.04.
Claire Alviar of Philstocks Financial said the decline reflects negative investor sentiment due to concerns about rising inflation and a weakening peso.
Esta historia es de la edición June 05, 2024 de The Philippine Star.
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