Daily News

Shares decline further as investor concerns persist

Philippine shares continued their decline as investor concerns over the coronavirus outbreak from China persist. The Philippine Stock Exchange index (PSEi) lost 118.93 points or 1.56% to close at 7,468.70, while the broader all shares index fell 59.67 points or 1.32% to close at 4,435.67. AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in a report fears over the novel coronavirus continued to take a toll on global markets.