PSEi plummets near 6,500 as China woes continue

MANILA ---Philippine stocks extended losses on Thursday as bulls wavered on China's growth prospects while geopolitical tensions flared up in the West Philippine Sea. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) slipped 0.94 percent, or 61.64 points, to 6,510.87 while the broader All Shares index was down 0.73 percent, or 25.45 points, to 3,451.21. A total of 314.86 million shares valued at P5.3 billion changed hands while net foreign purchases amounted to P24.42 million. All subcounters retreated as Chinese stocks slumped due to concerns over its economic recovery. READ: Asian shares trade mixed after Wall St dips amid dimming rate cut hopes Mean...Keep on reading: PSEi plummets near 6,500 as China woes continue

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.