MANILA, Philippines — Philippine equities opened lower on Tuesday as trading resumed after a one-day break for the midterm polls, with one analyst saying the developments after the election are unlikely to move financial markets today. The bellwether Philippine Stock Exchange index started the morning trade down by 0.3% or 23 points to 7,718. Related Stories Market may weaken this weekAs of 10:42 a.m., PSEi fell 1.77% or 136.78 points to 7,605.42 while the broader All-Shares index dropped 1.60%. According to Limlingan, “investors are likely to take cover” as the US-China trade war escalates. On Wall Street, the Dow ended down 2.4% at 25,324.99, battered by China's decision.

Source: Philippine Star May 14, 2019 03:14 UTC