Fears of US protectionism under a Donald Trump presidency kept foreign funds streaming out of the Philippine Stock Exchange, sending share prices plummeting to nine months. The bellwether PSEi fell by 2.53 percent or 176.33 points at 6,802.73, while the wider All Shares lost 2 percent or 84.46 points at 4,138.16. It was a nine-month low for the PSEi since it closed at 6,792.06 on February 19, 2016. The market has lost around 16 percent from the year’s high of 8,100 on the PSEi in July. On Monday, the PSEi lost 88.67 points or 1.26 percent to close at 6,979.06, while the All Shares declined by 31.66 points or 0.74 percent at 4,222.62.

Source: Manila Times November 22, 2016 16:24 UTC