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Philippine stocks fell 1.16% amid global trade tensions and foreign selling, with the peso weakening and false claims debunked.
Philippine stocks faced pressure amid global trade tensions and local concerns, with the PSEi dropping 1.16% last week.
Foreign investors pulled P917.78 million, contributing to year-to-date outflows of P44.7 billion.
The peso weakened to 58.24 per dollar.
The PSE dismissed false claims of a P5 trillion market loss, clarifying that domestic market capitalization declined by P273.26 billion, or 1.88%, year-to-date.
The exchange emphasized accurate data, rejecting misleading comparisons between domestic and total market cap, and criticized social media and tabloids for spreading unverified information.
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Las acciones filipinas cayeron un 1,16% en medio de las tensiones comerciales globales y las ventas extranjeras, con el debilitamiento del peso y las afirmaciones falsas desacreditadas.