US debt ceiling anxiety hobbles Philippine equities

MANILA  -The ongoing debate over the US debt ceiling—the amount of money the American government is allowed to borrow—soured investor sentiment, pushing the Philippine Stock Exchange index (PSEi) in the red for the second consecutive trading day. The benchmark PSEi fell by 0.26 percent, or 17.27 points, to close at 6,603.56 while the wider All-Shares … Continue reading US debt ceiling anxiety hobbles Philippine equities