Mounting concern over the slowdown of the Chinese economy dragged equity markets around the globe, including the Philippine Stock Exchange (PSE), especially after the latest manufacturing output by the second largest economy of the world fell short of expectations.

The PSE index (PSEi) fell 1.76 percent or 124.32 points to close at 6,926.91, while the broader All Shares index dropped 0.95 percent or 38.47 points to 3,995.09.

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