The Philippine peso snapped its record-low streak while local equities notched modest gains, keeping the PSEi above the 6,000 threshold.
The peso sank to another record low against the US dollar while Philippine shares reversed their previous gains, keeping both markets under pressure.
The peso hit a fresh historic low against the US dollar for a third consecutive session on Tuesday, overshadowing a sharp recovery in local equities that pushed the PSEi back above 6,000.
Philippine financial markets suffered another sharp downturn on Thursday as stocks fell to their lowest close in nearly two months while the peso breached its previous record low.
Philippine financial markets ended mixed on Wednesday as stocks extended their decline while the peso recovered from the previous session’s weakness.
Philippine financial markets ended lower on Tuesday as stocks gave up their recent recovery while the peso weakened slightly and remained near the ₱61.80 level.
Philippine financial markets ended mixed on Monday as stocks continued their recovery while the peso weakened and moved closer to its recent record-low level.
Philippine financial markets came under renewed pressure on Wednesday as stocks suffered a sharp decline while the peso posted its second-lowest close on record.
Philippine financial markets closed mixed on Tuesday as stocks stabilized after their recent decline while the peso weakened further and moved closer to the ₱61.80 level.
Philippine financial markets opened the week lower as stocks gave up their recent recovery while the peso weakened for a third straight trading day.
