Live Breaking News & Updates on Lthough Ata Smaller Drop Compared To The Rest Of Region As Investors Became Concerned About Possibility Stagflation

STAGFLATION CONCERNS. The local stock barometer declines on Tuesday (May 10, 2022) in line with its counterparts in Asia on investors' stagflation concerns. However, the peso improved against the greenback despite the strengthening of the US dollar. (PNA file photo) MANILA - The local bourse's main index started the shortened workweek on Tuesday in the negative territory, similar to its counterparts in the region, on fears about stagflation but the peso gained against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.58 percent, or 38.97 points, to 6,720.93 points. All Shares followed with a drop of 1.02 percent, or 37.08 points, to 3,584.62 points. Most of the sectoral indices also declined during the day, namely Mining and Oil, 7.67 percent; Property, 2.33 percent; Services, 2 percent; Industrial, 0.41 percent; and Financials, 0.02 percent. Only the Holding Firms index gained during the day after it rose by 0.43 percent. Volume reached 3.2 billion shares amount ....

Luis Limlingan , Holding Firms , Regina Capital Development Corporation , Federal Reserve , Philippine Stock Exchange , Wall Street , Hong Kong , Hang Seng , Stagflation Concerns The Local Stock Barometer Declines On Tuesday May 10 , 022 In Line With Its Counterparts Asia On Investors 39 Stagflation Concerns However , He Peso Improved Against The Greenback Despite Strengthening Of Us Dollar Pna File Photo Manila Local Bourse 39s Main Index Started Shortened Workweek On Tuesday In Negative Territory , Imilar To Its Counterparts In The Region , N Fears About Stagflation But The Peso Gained Against Us Dollar Philippine Stock Exchange Index Psei Shed 0 58 Percent , R 38 97 Points , Go 6 , 720 93 Points All Shares Followed Witha Drop Of 1 02 Percent , R 37 08 Points , O 3 , 584 62 Points Most Of The Sectoral Indices Also Declined During Day , Amely Mining And Oil , Hile 34 Shares Were Unchanged Quot Philippine Slid , Lthough Ata Smaller Drop Compared To The Rest Of Region As Investors Became Concerned About Possibility Stagflation , Ith The Main Focus This Week , He Cpi Consumer Price Index Report On Wednesday Quot Said Luis Limlingan , Egina Capital Development Corporation Rcdc Head Of Sales Among The Countries That Will Release Inflation Reports This Week Are Us And China For One , S Cpi Registered Its Four Decade High Of 7 5 Percent Last January ,