The stock market fell on Thursday as investors digested the weak economic data from China and Germany. The bellwether Philippine Stock Exchange index dropped to as low as 7,624 in intraday trading before closing at 7,828.86, 0.38 percent or 29.79 points lower than Wednesday’s 7,858.65. The wider All Shares dropped by 0.47 percent or 22.57 points to end at 4,746.35. “Local shares opened sharply lower, before finishing just 30 points down as weak economic data from China [and] GDP (gross domestic product) contraction in Germany,” Regina Capital Development Corp. head of sales Luis Limlingan said.
China’s economy showed ... more