PSEi down on US-Iran tension, oil prices

By Tyrone Jasper C. Piad

Jan 07, 2020 12:22 am

Increasing oil price triggered by escalating tensions between the United States and Iran dampened market sentiment on Monday.

The benchmark Philippine Stock Exchange index (PSEi) dipped by 0.53 percent or 41.92 points to close at 7,797.87 while the wider All Shares fell 0.48 percent or 22.21 points to end at 4,633.33.

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