Philippine equities opened the week with a near 200-point dive on a spate of negative news ranging from losses on Wall Street, renewal of Hong Kong protest tensions, sharply lower oil prices and worries over the outlook for European economy.

On Monday, the Philippine Stock Exchange index (PSEi) plummeted sharply by 2.78 percent or 199.26 points to 6,968.09, while the All Shares index likewise dropped by 2.31 percent or 98.05 points to 4,146.24.

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