Middle East crisis hangs over bourse

By Brix Lelis

Apr 22, 2024 12:33 am

RISKS of Iranian retaliation following reported attacks by Israel last Friday could further subdue sentiment and drag the stock market lower, analysts said.

The 30-company Philippine Stock Exchange index (PSEi) has now fallen for three straight weeks, having ended 3.25 percent lower week-on-week at 6,443 last Friday.

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