MANILA –The benchmark Philippine Stock Exchange index (PSEi) struggled anew on Thursday as large banks were sold down while United States and Swiss monetary authorities moved to stabilize their private financial institutions. The PSEi tumbled 0.95 percent, or 61.19 points, to 6,404.91 while the broader All Shares index shed 1 percent, or 34.70 points, to 3,443.82 by the closing bell. US stocks were battered overnight as troubles at Swiss megabank Credit Suisse cast a pall on an already nervous market following the collapse of US lenders Silicon Valley Bank and Signature Bank.

https://business.inquirer.net/391414/psei-slumps-as-credit-suisse-woes-bring-markets-back-to-familiar-ground

#inquirer