{"id":99839,"date":"2023-05-03T19:05:14","date_gmt":"2023-05-03T19:05:14","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2023\/05\/03\/psei-tumbles-as-banking-crisis-haunts-ahead-of-fed-meet\/"},"modified":"2023-05-03T19:05:14","modified_gmt":"2023-05-03T19:05:14","slug":"psei-tumbles-as-banking-disaster-haunts-forward-of-fed-meet","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2023\/05\/03\/psei-tumbles-as-banking-disaster-haunts-forward-of-fed-meet\/","title":{"rendered":"PSEi tumbles as banking disaster haunts forward of Fed meet"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"article_content\">\n<div>\n<p>MANILA\u00a0 -The benchmark Philippine Stock Exchange index (PSEi) slumped on Wednesday forward of a key rate of interest choice by the US Federal Reserve.<\/p>\n<p>By the closing bell, the PSEi retreated 0.99 %, or 66 factors, to six,606.69 whereas the broader All Shares index shed 0.61 %, or 21.51 factors, to three,525.18.<\/p>\n<p>\u201cPhilippine shares traded in the red on fears of a possible regional banking sector contagion ahead of the Fed\u2019s rate decision,\u201d Luis Gerardo Limlingan, head of gross sales at inventory brokerage home Regina Capital Development, mentioned in a observe to buyers on Wednesday.<\/p>\n<p>\u201cThe Fed\u2019s two-day policy meeting, which kicked off Tuesday, is expected to conclude with the central bank announcing another 25-basis point hike on Wednesday,\u201d he added.<\/p>\n<p>A complete of 567.97 million shares valued at P4.92 billion modified palms on Wednesday whereas foreigners had been web sellers of an quantity totaling P120.1 million.<\/p>\n<p>The mining and oil index was the only gainer because it added 0.56 %.<\/p>\n<h6>\u2014Miguel R. Camus<\/h6>\n<p>RELATED STORY:<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"QIlvKVmyc8\">\n<p><a href=\"https:\/\/business.inquirer.net\/399044\/stocks-slide-into-fed-mode-shorts-stalk-banks\" target=\"_blank\" rel=\"noopener\">Stocks slide into Fed mode, shorts stalk banks<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"\u201cStocks slide into Fed mode, shorts stalk banks\u201d \u2014 Inquirer Business\" src=\"https:\/\/business.inquirer.net\/399044\/stocks-slide-into-fed-mode-shorts-stalk-banks\/embed#?secret=YSl4J0ci20#?secret=QIlvKVmyc8\" data-secret=\"QIlvKVmyc8\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<div class=\"sib-form\" style=\"text-align: center;&#13;&#10;         background-color: #ffffff;                                 \">\n<div id=\"sib-form-container-bc\" class=\"sib-form-container-bc\">\n<div id=\"error-message\" class=\"sib-form-message-panel\" style=\"font-size:16px; text-align:left; font-family:&quot;Helvetica&quot;, sans-serif; color:#661d1d; background-color:#ffeded; border-radius:3px; border-color:#ff4949;max-width:245px;\">\n<div class=\"sib-form-message-panel__text sib-form-message-panel__text--center\">\n<svg viewbox=\"0 0 512 512\" class=\"sib-icon sib-notification__icon\">\n<path d=\"M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-11.49 120h22.979c6.823 0 12.274 5.682 11.99 12.5l-7 168c-.268 6.428-5.556 11.5-11.99 11.5h-8.979c-6.433 0-11.722-5.073-11.99-11.5l-7-168c-.283-6.818 5.167-12.5 11.99-12.5zM256 340c-15.464 0-28 12.536-28 28s12.536 28 28 28 28-12.536 28-28-12.536-28-28-28z\"\/>\n<\/svg><br \/>\n<span class=\"sib-form-message-panel__inner-text\"><br \/>\nYour subscription couldn&#8217;t be saved. 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By the closing bell, the PSEi retreated 0.99 %, or 66 factors, to six,606.69 whereas the broader All Shares index shed 0.61 %, or 21.51 factors, to three,525.18. \u201cPhilippine shares [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":99841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"class_list":{"0":"post-99839","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"_links":{"self":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/99839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=99839"}],"version-history":[{"count":0,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/99839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media\/99841"}],"wp:attachment":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=99839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=99839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=99839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}