This is from google.
Obviously stock market downturns are virtually global these days.
Philippine stock index tumbles 3.3 percent
1 day ago
MANILA, Philippines (AP) — Philippine shares tumbled Monday as investors pocketed profits ahead of a long Christmas break.
The Philippine Stock Exchange index fell 62.59 points, 3.3 percent, at 1,840.
"Investors are a little bit trigger happy, even for small profits," said Jose Vistan Jr., head of research of AB Capital Securities Inc.
James Lago, PCCI Securities Inc. research head, said most investors stayed on the sidelines and opted to take profit because of the long holidays. Markets will be closed Dec. 25 through Jan. 2.
Top-traded Philippine Long Distance Telephone Co. fell 3.11 percent at 2,020 pesos.
Bank of the Philippine Islands slid 5.13 percent at 37 pesos. Geothermal producer Energy Development Corp. plunged 7.27 percent at 2.04 pesos.
Decliners outnumbered gainers 61 to 21, with 36 issues unchanged
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