THE stock market plunged below 6,000 on Friday and the peso also succumbed as investors digested the country's below-target economic growth and worried over the pace of interest rate cuts.
The benchmark Philippine Stock Exchange index (PSEi) shed 245.07 points, or 4.01 percent, to close out the week at 5,862.59 — the lowest since Oct. 12, 2022's 5,853.63.