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MANILA, Philippines – Local stocks fell anew as investors remained wary over the lingering geopolitical conflict between the United States and Iran amid mixed first-quarter corporate earnings results.
The benchmark Philippine Stock Exchange Index (PSEi) on Wednesday dropped 0.42 percent or 25.20 points, to close at 5,946.78, extending its decline for another trading session.
According to Philstocks Financial research manager Japhet Tantiangco, investors continued to grapple with uncertainties surrounding the US-Iran situation as both sides remained without a peace deal.
READ: Trump rejects Iran peace terms, Tehran warns of new attacks
