The Philippine benchmark stock index crashed to 6,200 points at noon Thursday, falling almost 5 percent after the Independence Day break.
Last Tuesday, the Philippine stock exchange index (PSEi) was down by almost 5 percent—its biggest drop this year.
During the noon market recess today, the PSEi made another significant drop by 4.75 percent, or 311.52 points to 6,245.130.
The broader all-shares index was down also by 4.22 percent, or 171.31 points to 3,892.40.
On Tuesday, PSEi registered a 4.64-percent decrease, or 318.95 points to 6,556.65, while the wider all shares dipped by 3.92 percent, or 165.90 points to 4,063.71.