Inquirer
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. The geopolitical developments also drove oil prices higher and weighed on the peso during the trading session. Luis Limlingan, head of sales at […]... Keep on reading: PSEi retreats on Iran-Israel conflict
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