MANILA, Philippines — The stock market went into a tailspin yesterday, continuing Tuesday’s free fall as it remains on a major correction mode. The sectoral indexes closed mostly in the red as well except for the mining and oil and services counters. Yesterday’s index level was the lowest since August last year, said Lexter Azurin, senior equity analyst at AB Capital. Ramon Kabigting, head of research at Papa Securities, said the PSEi fell under all the weight of foreign selling, breaking below the 8,000 level. Stocks in Taiwan and other Southeast Asia bourses were mostly higher, while Japan was closed for a holiday.

Source: Philippine Star March 21, 2018 15:58 UTC