Philippine shares returned to green territory on Monday on the back of hopes in the country's improving pandemic situation and better manufacturing data. The Philippines saw 13,273 new Covid-19 cases on Sunday, bringing the total to 2.59 million, but recoveries tallied reached 45,249. Tantiangco added that sentiment also improved amid the expansion of the country's manufacturing industry last month. The IHS Markit on Friday reported that the Philippines' manufacturing purchasing managers' index (PMI) climbed to 50.9 in September from 46.4 in August. A report from The Associated Press on Monday said, "Global stocks have fallen... after troubled property developer China Evergrande's shares were suspended from trading."

Source: Manila Times October 04, 2021 15:11 UTC