Philippine shares fall 1.92% on global tensions

Local shares in the Philippines declined on Monday due to ongoing tensions between Israel and Iran, with President Donald Trump's statements further fueling market uncertainty.

The Philippine Stock Exchange index fell by 1.92 percent to 6,218.28, while All Shares dropped by 1.44 percent to 3,706.56.

Mining and Oil recorded the largest decline at 3.48 percent, with all sectors ending in negative territory.

The Philippine peso weakened against the US dollar, closing at 57.58 from last week's close of 57.17.

Volume of trade decreased to USD1.28 billion from USD1.77 billion, reflecting a cautious market sentiment and lower trading activity.