Philippine stocks were mostly lower on Friday as risk aversion grew after a sell-off in Wall Street overnight and investors digested government data showing a decline in direct investments. The benchmark Philippine Stock Exchange index (PSEi) shed 0.29 percent, or 19.39 points, to 6,589.88 while the broader All Shares index was down 0.25 percent, or 8.80 points, to 3,540.39. The Bangko Sentral ng Pilipinas released data showing foreign direct investments shrinking by 23 percent to $9.2 billion last year. US stocks were also battered by banking woes following the closure of Silvergate Bank. The PSE financials subsector was under pressure as it slipped 1.25 percent. "Philipp...
Keep on reading: Wall Street jitters pull down PSEi
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Keep on reading: Wall Street jitters pull down PSEi
from INQUIRER.net https://ift.tt/niKa905
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