PSEi falls 2.79% as Middle East tensions spark sell-off

MANILA, Philippines – Philippine stocks plummeted on Monday as investors fled riskier assets amid fears that escalating tensions between the US and Iran could push oil prices higher and hurt the local economy. The benchmark Philippine Stock Exchange Index (PSEi) dropped 2.79 percent or 184.61 points, to close at 6,426.83. Luis Limlingan, head of sales