PH stocks close lower, following regional trend

Philippine stocks sank on Monday, moving in step with the rest of the region, which saw gaming companies decline after China detained employees of Australia’s Crown Resorts.

The benchmark Philippine Stock Exchange Index slid 0.42 percent to 7,358.21 on Monday’s close.00

The broader all-shares index was also down 0.8 percent to 4,367.57 Monday. On a sub-sector basis, it was a mixed bag. —Miguel R. Camus