The Philippine stock market plunged below the 6,000 mark on Thursday, as investor confidence waned amid rising concerns over the country's economic growth trajectory, Philstar Biz reported.
The benchmark index fell sharply, breaching the psychological 6,000 level for the first time in months. Analysts attributed the sell-off to disappointing economic data and lingering uncertainties about the pace of recovery.
Trading volume was heavy as foreign funds exited the market, adding to the downward pressure. Market participants now await further policy signals from the central bank and government economic managers.