Why are they crashing? Because of prospect of recession in US. Less than expected job creation and high unemployment rate. Global uncertainty due to Iran Israel escalation of conflict. Bangladesh turmoil.
Stock market as in Nikkei saw double digit decline during trading. This is unseen and reminiscent of 1987 crash.
Should we be worried? Or Phisix has plunged well ahead of the world market. Will the Philippine GDP growth be affected.?
Should we continue with the Maharlika (sovereign fund) Or is it going to do bargain hunting for collapsed stocks?
