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Market tumbles anew as investors stay on sidelines
The Philippine Star
|July 31, 2024
Share prices fell anew as investors remained on the sidelines ahead of this week’s policy decisions of the Bank of Japan and the US Federal Reserve.
The Philippine Stock Exchange index closed lower for a second consecutive session, shedding 0.64 percent or 42.87 points to 6,606.36.
The broader All Shares index likewise fell by 0.49 percent or 17.56 points, settling at 3,587.77.
"The local market dropped as investors worry over the local currency which has been showing signs of weakening against the US dollar," Philstocks Financial research and engagement officer Mikhail Plopenio said.
Cette histoire est tirée de l'édition July 31, 2024 de The Philippine Star.
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