Philippine stocks fell, sending the benchmark index to the lowest level in a month, after economic growth missed forecasts. The peso erased an earlier advance.
Philippine stocks fell, driving the benchmark index to a three-week low, as SM Investments Corp. tumbled the most in almost five years and the nation’s biggest money manager said shares are poised to decline.
The Philippine peso gained for the first time in three days as stocks rallied toward a record reached last week, while the central bank reiterated it may take more measures to cap inflows.
"Investors are spooked as a continued slump in oil could indicate an underlying weak global demand."
- Jonathan Ravelas on Jan 05, 2015