The Philippine bourse on Wednesday sank for the fourth consecutive trading day worries on the Delta variant continued to plague sentiment. Philstocks Financial Inc. senior research analyst Japhet Tantiangco said the concerns over the Delta variant and the risk it poses on the economy sustained pessimism among investors. President Rodrigo Duterte has also warned of the possibility of reverting back to stricter quarantine restrictions due to the Delta variant. "The reported local cases in the country are a cause for serious alarm and concern. Managing Director Luis Limlingan likewise said local shares continued to be sold down, triggered by the spread of the Delta variant.

Source: Manila Times July 21, 2021 17:15 UTC