PSEi plunges 2.45% on economic slowdown fears

THE stock market suffered a bloodbath in early trading on Monday as fears of a global recession sparked sell offs among investors.

At noon break, the bellwether PSE index plunged by 2.45 percent or 196.09 points to 7,817.33. The wider All Shares declined by 1.89 percent or 92.98 points to 4,820.33.