PSEi down on renewed China Evergrande concerns; peso gains
MANILA - The local stock barometer started the week in the negative territory partly on renewed concerns regarding China Evergrande Group but the peso gained against the greenback. The Philippine Stock Exchange index (PSEi) lost 1.07 percent, or 78.07 points, to 7,211.54 points. All Shares followed with a 0.58 percent or, 25.86 points, decline to 4,436.84 points. Most of the sectoral indexes also finished the day with losses including the Property, 2.46 percent; Holding Firms, 1.55 percent; Mining and Oil, 0.50 percent; and Industrial, 0.27 percent. On the other hand, Financials increased by 0...
Source: philippinetimes.com