MANILA, Philippines – Philippine stocks opened in the red on Monday, tracking a sharp global selloff as escalating tensions in the Middle East continued to drive investors away from riskier assets. As of 9:50 a.m., the benchmark Philippine Stock Exchange Index (PSEi) fell 99.49 points or 1.65 percent, to 5,919.13. The early decline came amid heightened geopolitical jitters after the Middle East war entered its fourth week, fueling concerns over potential disruptions to global energy supplies and broader economic stability. READ: Oil prices up following Trump ultimatum on Iran Investor sentiment was further dampened after US President Donald Trump warned […]... Keep on reading: PSEi stumbles at open on deepening Middle East crisis