PSEi falls 1.89% as US-China trade tension heats up

PHILIPPINE shares fell further in early trading on Wednesday, joining a global decline, as trade tension between the United States and China sparked sell-offs anew among investors.

At the noon break, the benchmark Philippine Stock Exchange index (PSEi) fell by 1.89 percent or 149.71 points to 7,760.92 while the broader All Shares dropped by 1.59 percent or 77.71 points to 4,808.84.