Peso regains ground; stock market tumbles

By The Manila Times

Aug 19, 2023 12:32 am

THE peso rebounded on Friday, but the stock market fell past a support level to end in 6,200 territory on continued investor fears.

The currency strengthened by 59 centavos to P56.18 versus the dollar while the benchmark Philippine Stock Exchange index shed 74.70 points, or 1.17 percent, to close the week at 6,290.27.

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