PH shares snap 4 weeks of gains

ABS-CBN News

Posted at Aug 11 2018 12:17 AM

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Investors got their first chance to react to the Bangko Sentral ng Pilipinas' 50-basis-point rate hike and its more hawkish monetary policy statement.

Local stocks held quite well amid the negative risk events but the peso weakened despite the higher rates from the BSP. Bruce Rodriguez with the full story. - Business Nightly, ANC, August 10, 2018