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PSEi down as peso weakens amid global growth concerns - Vimarsana News

PSEi down as peso weakens amid global growth concerns

Published: August 22, 2022

WORRIES. Concerns on the global growth path and the inflation result in the drop of both the main equities index and the peso on Monday (Aug. 22, 2022). Investors remain to be watchful on the central bank's key policy rate decisions given the elevated inflation rate both here and abroad. (PNA file photo) MANILA - Worries on the global growth path and rate hike decisions by central bank hit the local bourse on Monday while the peso finished at 56-level against the US dollar. The Philippine Stock Exchange index (PSEi) shed 2.32 percent, or 159.45 points, to 6,704.41 points. All Shares follow...

Source: philippinetimes.com

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United States New South Wales Atsushi Katsuki American Airlines Session Of The Joint Economic Commission Asahi Group Holdings Ltd Joint Economic Commission Akasa Air Carnival Cruise Line Worries Concerns On The Global Growth Path And Inflation Result In Drop Of Both Main Equities Index Peso Monday Aug 22 022 Investors Remain To Be Watchful On The Central Bank 39s Key Policy Rate Decisions Given Elevated Inflation Both Here And Abroad Pna File Photo Manila Worries Global Growth Path Hike By Hit Local Bourse Monday While Peso Finished At 56 Level Against Us Dollar Philippine Stock Exchange Index Psei Shed 2 32 Percent R 159 45 Points Go 6 704 41 Points All Shares Followed Witha Drop Of 1 59 Percent R 57 64 Points O 3 577 93 Points Holding Firms Posted The Biggest Lost During Day After It Slipped By 3 46 Percent And Was Trailed Property Hile 39 Shares Were Unchanged Quot Philippine Stocks Dropped On Rekindled Rate Hike Fears That Added Concerns To The Pace Of Global Economic Recovery Uot Said Luis Limlingan Egina Capital Development Corporation Rcdc Head Of Sales He Said Investors Are Ona Wait And See Stance For Federal Reserve Chairman Jerome Powell 39s Speech At The Annual Jackson Hole Economic Symposium This Week Wherein Is Expected To Talk About Inflation Mong Others After Touching The 56 Level Against Us Dollar Mid Trade Last Week He Local Currency Closed Monday At 56 21 From 55 93 Last Friday It Opened The Day 1 Ideway From Its 55 98 Close In The Previous Session It Traded Between 56 22 And 03 Esulting In An Average Of 56 107 Volume Declined To Usd804 95 Million From Usd889 67 Last Week Rizal Commercial Banking Corporation Rcbc Chief Economist Michael Ricafort Said The Peso Has Been Affected By General Improvement Us Dollar Given Hawkish Statements Fed Officials Xpectations For Another Rate Increase By The Fed In September