Philippine stocks fall as traders weigh Marcos win, global rout
The benchmark Philippine stock index slid amid a global selloff, as investors awaited Ferdinand Marcos Jr. s economic policies following his landslide...
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The benchmark Philippine stock index slid amid a global selloff, as investors awaited Ferdinand Marcos Jr. s economic policies following his landslide...
Foreign investors are on wait-and-see after elections in the Philippines won by Ferdinand Marcos Jr and a rally in the equities market might be a challenge, Philippine Stock Exchange President Ramon Monzon said yesterday. “Further upside? It’s going to be tough. We have a lot of macroeconomic problems,” Monzon said in an interview with Bloomberg TV. “The new economic team has a lot of hard work in front of them,” he said, citing the nation’s record debt and the need for new revenue sources. The benchmark Philippine stock index fell by as much as 3.1 percent to a nine-month low a da...
Philippine stocks fall as traders weigh Marcos win, global rout
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