The stock market plunged on Monday as investors pared their portfolios ahead of a dual holiday and a scheduled trade meeting between China and the United States.

The benchmark Philippine Stock Exchange index (PSEi) dropped 1.09 percent or 82.99 points to close at 7,500.53 while the broader All Shares decreased 0.79 percent or 36.56 points to finish at 4,570.13.

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