The Philippine Stock Exchange index (PSEi) fell to the 5,800 level on Monday, driven by an escalation in Middle East conflict after Israel and Iran launched strikes, according to a report by BusinessWorld.
The benchmark dropped 0.99% or 58.97 points to close at 5,879.41, while the broader all shares index declined by 0.96% or 32 points. The losses mirrored global market jitters as investors fled risk assets amid fears of a broader regional conflict.
The market's decline marks a return to levels last seen during periods of heightened geopolitical uncertainty, with analysts noting that sustained tensions could further weigh on investor sentiment and capital flows in the coming weeks.