Philippine stocks were marginally lower on Tuesday following the overnight slide in US and European equities as geopolitical concerns unnerved investors in the the wake of the Malaysia Airlines MH17 tragedy and the escalating conflict in the Gaza Strip.
“With US and European equities sliding overnight, local market investors found no reason to cheer and sustain Monday’s advance into a second day,” said Justino B. Calaycay Jr., equity analyst at Accord Capital Equities Corp.
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