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Philippine Stocks Slide to 11-Month Low on Weak Peso and Rate Jitters

Philippine Stocks Slide to 11-Month Low on Weak Peso and Rate Jitters

The local stock market fell to its lowest level in nearly 11 months as investors priced in potential further monetary tightening and a weakening peso. Risk-off sentiment pressured equities across sectors.

Original headline

Stocks plunge amid weak peso, rate hike expectations