PHILIPPINE stocks shed 200 points on Tuesday, diving to 5,800 from 6,008 points and nearly negating all the gains earned since the start of the year. It was the lowest since August 28 this year when the benchmark index dropped to the 5,738.06 level.

The steep decline was attributed to the effects of Super Typhoon Yolanda, which forced some investors to stay away from the market.

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