By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
MANILA, Philippines – Local stocks retreated on Monday as renewed hostilities in the Middle East dampened investor sentiment, pushing the benchmark index back below the 5,900 level.
The Philippine Stock Exchange Index (PSEi) fell 0.99 percent or 58.97 points, to close at 5,879.41.
READ: Israel strikes Iran, defying Trump’s call for restraint
Brokerage Philstocks Financial Inc. said market sentiment weakened after the conflict between Iran and Israel escalated anew, triggering concerns over potential disruptions to global energy supplies.
