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Philippine Stocks Rise on Easing Inflation; Peso Plunges to New Record Low
Economy

Philippine Stocks Rise on Easing Inflation; Peso Plunges to New Record Low

The Philippine stock market extended its gains for a second day as August inflation eased to market expectations. However, the peso fell to a new record low against the dollar on the same day. While easing inflation boosted stock prices, the continued depreciation of the peso could impact investor sentiment.

Original source: Philstar BusinessMore country news

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