PSEi tumbles 10% following global stock market rout 0 SHARES Share it! Global stock markets crashed in 2008 due to the US subprime crisis. Wall Street stocks suffered another brutal rout Wednesday, pushing the Dow into a ”bear market” after the latest series of event cancellations and company warnings rattled investors. “This is the market’s worst drop since October 27, 2008’s 12.27 percent decline. The market performance eradicated ₱998 billion or roughly ₱1 trillion in terms of market capitalization for PSEi-member stocks alone,” said Philstocks Financial Research Associate Piper Tan.

Source: Manila Bulletin March 12, 2020 14:02 UTC