Philippine stocks could remain under pressure, with the next major support zone of 6,000 now in view, after the benchmark index sank deeper last week. The Philippine Stock Exchange index (PSEi) tumbled 2.06 percent last week to end the Friday session at 6,160.61, its lowest level so far in 2023. The PSEi was at risk of revisiting the 6,000 to 5,700 levels in the short term before bargain hunters step in, Jonathan Ravelas, senior adviser at Reyes Tacandong & Co., said. Investors would also be taking note of US Federal Reserve chair Jerome Powell's hawkish tone during his anticipated speech at the Jackson Hole symposium over the weekend.

https://business.inquirer.net/418005/psei-susceptible-to-falling-below-6000-says-analyst

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