{"id":176930,"date":"2018-08-15T06:01:00","date_gmt":"2018-08-15T10:01:00","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=176930"},"modified":"2018-08-15T06:01:00","modified_gmt":"2018-08-15T10:01:00","slug":"peso-keeps-ground-psei-turkey-concerns","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/08\/15\/peso-keeps-ground-psei-turkey-concerns\/","title":{"rendered":"Peso keeps ground, PSEi down on Turkey concerns"},"content":{"rendered":"
\"\"<\/a>
The local currency ended the day almost unchanged at 53.39 from Monday\u2019s 53.37. (Shutterstock photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0—\u00a0Risk off sentiment on account of the financial crisis in Turkey continues to hurt the Philippines\u2019 equities market but the peso stays firm amid concerns.<\/p>\n

The local currency ended the day almost unchanged at 53.39 from Monday\u2019s 53.37.<\/p>\n

It opened the day at 53.5, a drop from day-ago\u2019s 53.18, which a trader pointed to investors\u2019 decision to prefer the US dollar given fears of contagion of the Turkey debt situation.<\/p>\n

The debt crisis has hurt the Turkish lira, which has fallen over 15 percent to date. The trader said Asian currencies have felt the hit.<\/p>\n

For the day, the peso ranged between its closing level and 53.51, resulting in an average of 53.45.<\/p>\n

Volume for the day totaled to USD693 million, lower than the USD786.4 million a day ago.<\/p>\n

The currency pair is seen to trade between 53.10 and 50.30 Wednesday.<\/p>\n

On the other hand, the Philippine Stock Exchange index (PSEi) shed 1.41 percent, or 107.49 points, to 7,527.78 points.<\/p>\n

All counters finished the day on the red, with the broader All Shares down by 1.16 percent, or 53.61 points, to 4,578.92 points.<\/p>\n

Property registered the biggest drop among the sectors at 1.92 percent, and was followed by the Mining and Oil, 1.79 percent; Financials, 1.68 percent; Holding Firms, 1.28 percent; Services, 1.10 percent; and Industrial, 0.45 percent.<\/p>\n

Volume reached 1.34 billion shares amounting to PHP5.31 billion.<\/p>\n

Losers led gainers at 141 at 60, while 41 stocks were unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0—\u00a0Risk off sentiment on account of the financial crisis in Turkey continues to hurt the Philippines\u2019 equities market but the …<\/p>\n","protected":false},"author":33,"featured_media":45360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,43],"tags":[],"class_list":["post-176930","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-stock-markets","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/176930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=176930"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/176930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/45360"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=176930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=176930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=176930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}