PSEi tumbles nearly 5%, tracks global markets

MANILA, Philippines – Philippine stocks plunged on Monday as investors dumped equities amid a surge in global oil prices and escalating tensions in the Middle East. The benchmark Philippine Stock Exchange Index (PSEi) fell 4.97 percent or 314.19 points to  close at 6,006.22. READ: Asian equities plunge as oil soars 30% on Mideast crisis The