Philippine shares extend losses on SVB fallout concerns
Local stocks finished sharply lower yesterday as worries persisted about the fallout from the Silicon Valley Bank collapse.
Source: philstar.com
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Local stocks finished sharply lower yesterday as worries persisted about the fallout from the Silicon Valley Bank collapse.
Investors took profits yesterday following news of an anticipated rate hike and easing inflation in the US, sending the benchmark index lower.
The Philippine stock market slipped back into negative territory yesterday following the decline in US bourses.
Optimism continued to prevail in the stock market yesterday.
A weakening peso dragged local stocks in a sea of red yesterday as investors took profit.