The stock barometer slipped to the 6,600 level on Friday as reports that the more contagious Delta coronavirus variant has breached local territory unnerved investors.
The main-share Philippine Stock Exchange index (PSEi) shed 34.1 points or 0.51 percent to close at 6,693.83 as foreign outflows from the bourse escalated.
“Philippine shares slumped as many watched vigilantly the number of COVID-19 cases from the new Delta variant,” said Luis Gerardo Limlingan, managing director at stock brokerage Regina Capital Development.
The Philippines recorded on Friday 16 more cases, one resulting in death, of the highly transmissible variant of the virus that causes COVID-19, the Departmen…
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