Stock market down on Asia-wide worries

With investors’ attention still on unsteady overseas markets, the local stock market plunged further in the red toward in the last trading session for the week.

Jun Calaycay, Accord Capital Equities Corp. analyst, said the rush of negative news in the last two days and a tepid movements in US stocks overnight have kept investors opting for safety—either liquidating profits and/or staying at the sidelines in wait for the next round of positive impetus.