Philippine stocks decline on US-China tensions
Philippine stocks declined on Friday due to increasing tensions between the US and China.
The PSEi closed down 1.99% at 5,541.95 points, with foreign investors selling off shares.
Investors are concerned about potential retaliatory actions that could further weaken the global economy.
Volume slowed to PHP4.6 billion as traders remained cautious amid the Sino-US conflict and the extension of Metro Manila's modified enhanced community quarantine.
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