The Philippine Stock Exchange index (PSEi) crashed to its lowest level in three years, wiping out gains amid a market-wide panic triggered by persistent inflation fears and weaker-than-expected economic performance.
The main index fell by 101.62 points, or 1.71 percent, closing the session at 5,828.06 on Monday, Nov. 3. The level marked a new three-year low, hitting a point last seen on Oct. 3, 2022, and touching the lowest valuation in over five years, dating back to September 2020.
Banks led the retreat, while the
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