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Philippine shares close 5.5 percent lower
Philippine share prices closed down 5.5 per cent on Tuesday in its biggest single-day loss in five months due to heightened fears of a US recession.
Updated on: Jan 22, 2008, 10:42:43 IST
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Philippine share prices closed down 5.5 per cent on Tuesday in its biggest single-day loss in five months due to heightened fears of a US recession, dealers said.
The composite index fell 173.89 points to 2,978.41.
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