Amid the looming fear of a default in the United States as well as the concerns on the US shutdown, domestic investors turned even more cautious and decided to stay away from the market.

The Philippine Stock Exchange index (PSEi) registered a correction on Monday, losing 0.73 percent, or 47.10 points to 6,442.70, while the broader all-shares index went down 0.53 percent, or 20.98 points to 3,904.81.

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