Bloodbath at PSE; peso falls to new low

MANILA, Philippines — The Philippine Stock Exchange (PSE) Index has entered the dreaded bear market territory after plummeting over 200 points on Tuesday, while the peso fell to a new record low on mounting inflation and recession risks. A bear market is typically called after prices decline by 20 percent from the recent peak. On … Continue reading Bloodbath at PSE; peso falls to new low