PSEi slumps to 5,800 level on Middle East jitters 

MANILA, Philippines – Philippine stocks slid sharply on Monday as escalating conflict between the US and Iran further dampened investor appetite. The Philippine Stock Exchange Index (PSEi)  closed at 5,899.18, down 1.98 percent or 119.44 points, as geopolitical uncertainties surrounding the Strait of Hormuz weighed heavily on market sentiment.  READ: Oil prices up following Trump