PSEi down on US-China concernshome/Business/Top Business/PSEi down on US-China concernsTHE stock market fell for a third day on Friday as worries over renewed US-China tensions — spurred by the arrest of a senior Huawei Technologies executive — dampened investor sentiment. The Philippine Stock Exchange index (PSEi) dropped by 0.99 percent or 74.26 points to close at 7,461.06 while the broader All Shares declined by 0.77 percent or 35.04 points to finish at 4,495.88. Del Castillo also noted that investors chose to cash in after news of the trade ceasefire led to a surge to the 7,700 level earlier this week. The Dow Jones and the S&P500 fell by 0.32 percent and 0.15 percent, respectively. Losers led winners, 110 to 80, while 42 issues were unchanged.

Source: Manila Times December 07, 2018 18:00 UTC