Friday witnessed a downtrend in the local stock market, influenced by prevailing pessimism surrounding the recent deceleration in Philippine economic growth and apprehensions regarding China’s real estate industry. The benchmark Philippine Stock Exchange index (PSEi) suffered a decline of 74.70 points or 1.17%, settling at 6,290.27 by the end of trading on Friday. Concurrently, the broader all shares index experienced a downturn of 26.39 points or 0.77% to reach [insert value].
Shares slump amid growth and China worries
