Stocks fall further on US-China trade tensions

LOCAL equities slumped further to the 7,200 level in early trade on worries over the escalating trade war between the US and China and ahead of the upcoming Monetary Board (MB) meeting of the Bangko Sentral ng Pilipinas (BSP) this week.

At the midday break, the Philippine Stock Exchange index was down 128.20 points or 1.73 percent at 7,285.91, while the wider All Shares had slipped 1.38 percent or 62.59 points to 4,468.45.