PH Shares Decline Amid Israel-Iran Conflict as Peso Weakens
Manila: Local shares declined amid the escalating tension between Iran and Israel while the peso closed weaker against the dollar on Monday. The Philippine Stock Exchange index (PSEi) fell 0.58 percent to 6,358.58, while All Shares also declined by 0.44 percent to 3,768.45. According to Philippines News Agency, “Philippine markets started the week in the red following the escalating conflict between Israel and Iran, which rattled investors over the weekend. Meanwhile, many will be focusing on a new batch of data and meetings that could dictate price action movement,” Regina Capital Development Corp. head of sales Luis Limlingan said. Limlingan