The stock market extended a run of declines on Friday with analysts again pointing to higher-than-expected August inflation, a weaker peso and concerns of an escalation in the US-China trade war as having spooked investors.
The Philippine Stock Exchange index (PSEi) fell by over 1 percent in morning trade, but a last-minute buying spree pared the day’s loss to 40.07 points or 0.53 percent for a 7,598.64 close.
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