PSEi slips on renewed Mideast war jitters
MANILA, Philippines – Local stocks retreated on Monday as renewed Middle East war jitters dampened investor sentiment. The Philippine Stock Exchange Index (PSEi) fell by 0.72 percent or 44.16 points, to close at 6,054.05. READ: /trump-orders-us-navy-to-block-hormuz-strait-after-iran-talks-fail Philstocks financial research manager Japhet Tantiangco said that the broader market pulled back as concerns resurfaced over the ongoing conflict. This was particularly after the United States and Iran failed to reach a deal, alongside reports of a planned blockade of the Strait of Hormuz. Luis Limlingan, head of sales at stock brokerage house Regina Capital Development Corp., said geopolitical concerns escalated as US […]...Keep on reading: PSEi slips on renewed Mideast war jitters
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