Philippine financial markets remained under pressure on Tuesday as stocks extended their pullback while the peso fell to its weakest level in nearly two weeks.
Philippine financial markets remained on positive footing as stocks notched a fifth straight day of gains while the peso recovered from its previous session’s decline.
Currency moves between record lows and brief rebounds before closing the month at ₱61.36 against the US dollar.
Philippine financial markets weakened further, with stocks surrendering recent gains and the peso posting a third straight day of losses.
The stock market recovered from recent losses, but the local currency remained under pressure as it slipped deeper into ₱61 territory.
The stock market regained some ground after two days of losses, while the local currency gave up part of its recent gains.
The local currency continued its recovery and posted one of its strongest finishes in over a month, while the stock market surrendered a fraction of its previous day’s outsized gains.
