2 weeks Vaccine trial holdup disheartens PSEi Inquirer
The stock barometer slipped below 6,000 on Wednesday as investors priced in fresh uncertainties due to the COVID-19 pandemic. The main-share Philippine Stock Exchange index (PSEi) pulled back by 101.19 points or 1.68 percent to close at 5,932.84, tracking the downturn across US and regional markets. "Philippine shares fell as concerns arose regarding the progress on the development of one of the vaccine candidates. AstraZeneca has put a hold on the late-stage trial of its highly anticipated COVID-19 vaccine candidate after a suspected serious adverse reaction in a study participant," said Luis Gerardo Limlingan, managing director at local stock brokerage ... more