MANILA, Philippines — The Stock market tumbled below the 8,000 level following US President Donald Trump’s renewed tariff threat against China. The Philippine Stock Exchange index settled at 7,947.47, a 0.81 percent or 64.87-point plunge. It was also the first time the benchmark index fell below the 8,000 level since Oct. 31. “Market drifted lower while Trump made fresh comments on trade deal hinting that existing tariffs will be raised if no deal is made. In the local stock market, all counters finished in the negative territory except for mining and oil which managed to pull off a 0.46 percent or 41.35-point increase.

Source: Philippine Star November 13, 2019 16:00 UTC