Thursday, August 16, 2007

Philippine Shares Plunge 6.01 Percent (AP via Yahoo! Finance)

Philippine shares plunged Thursday following Wall Street's overnight losses on spreading U.S. housing loan problems. The 30-company Philippine Stock Exchange Index fell 188.03 points, or 6.01 percent, to 2942.31, the index's lowest finish since January and its second sharpest fall this year.

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[Source: Yahoo! News Search Results for housing loan]

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