MANILA, Philippines – Philippine stocks plummeted on Monday as investors fled riskier assets amid fears that escalating tensions between the US and Iran could push oil prices higher and hurt the local economy. The benchmark Philippine Stock Exchange Index (PSEi) dropped 2.79 percent or 184.61 points, to close at 6,426.83. Luis Limlingan, head of sales at stock brokerage house Regina Capital Development Corp., said the local index closed sharply lower as escalating global conflict triggered a broad-based sell-off across sectors, dampening overall market sentiment.  READ: PSEi tumbles over 2% on Middle East conflict fears “Risk-off sentiment prevailed throughout the session, […]... Keep on reading: PSEi falls 2.79% as Middle East tensions spark sell-off