PSEi stumbles at open on deepening Middle East crisis

MANILA, Philippines – Philippine stocks opened in the red on Monday, tracking a sharp global selloff as escalating tensions in the Middle East continued to drive investors away from riskier assets. As of 9:50 a.m., the benchmark Philippine Stock Exchange Index (PSEi) fell 99.49 points or 1.65 percent, to 5,919.13. The early decline came amid