PH stock market drops below 8,000 level in morning trade

THE local bourse went below the 8,000 level in morning trading on Wednesday as investors worried over local and foreign economic developments, analysts said.

The benchmark Philippine Stock Exchange index dipped 1.26 percent or 100.68 points to 7,907.99 while the wider All Shares plunged 0.79 percent or 37.84 points to 4,772.13.