Strong US jobs data dampen PSEi

Jul 09, 2019 12:17 am

THE stock market fell back to the 8,000 level on Monday, joining a global rout, as investor sentiment dampened hopes of a Federal Reserve rate cut.

The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.82 percent or 66.42 points to close at 8,051.52, while the broader All Shares declined by 0.65 percent or 32.21 points to finish at 4,913.47.

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