Stock market drops to near two-year lowhome/Business/Top Business/Stock market drops to near two-year lowTHE stock market dropped to its lowest in nearly two years on Tuesday, tracking an overnight plunge on Wall Street said to have been triggered by fears over demand in the technology sector. The market is also down 24.4 percent since it hit an all-time high of 9,058.62 on Jan. 29, 2018. The wider All Shares, meanwhile, declined by 0.98 percent or 41.84 points to finish at 4,211.13. In Manila, all sectoral indices were in the red with the holding firms index down the most by 1.63 percent. Foreigners were net sellers for the day, disposing of P4.03 billion and buying P2.76 billion for a net foreign selling position of P1.26 billion.

Source: Manila Times November 13, 2018 16:34 UTC