The local stock barometer fell to the 6,800 mark on Friday as concerns on the more contagious Delta variant dampened investor sentiment across the region.
The Philippine Stock Exchange index (PSEi) shed 90.07 points or 1.3 percent to close at 6,834.92, dragged down by an increase in foreign selling of local equities.
Unable to stay afloat the 7,000 mark, the index shed a total of 167.34 points or 2.39 percent for the week.
Apart from lingering pandemic jitters, investors also priced in the latest pronouncements from the US Federal Reserve (Fed), although most analysts don’t expect a tapering of its bond purchases until late this year. “Philippine shares continued to weaken as th…
Keep on reading: Delta variant anxiety sends PSEi skidding to 6,800