Xinhua News AgencyDecember 10, 2013 05:18
Roundup: Philippine bourse slumps on fears over U.S. Fed tapering
MANILA, Dec. 10 (Xinhua) -- The Philippine stock market slipped below the 6,000-level over fears that the U.S. Federal Reserve would cut its stimulus program.
The bellwether Philippine Stock Exchange index dived by 2.04 percent, or 122.54 points, to 5,886.40, while the broader all- share index lost 1.85 percent, or 68.22 points, to 3,612.58.
Trading volume reached 633.93 million shares worth 7 billion pesos (159.06 million U.S. dollars) with 124 stocks declining, 31 advancing, and 36 were unchanged.