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With the sudden plunge in local shares — from a historic high of 7,403 in the main index last May to sharp declines in the past few days by as much as 6.8 percent, ending a little above 6,000 levels — a number of businessmen are a bit jittery, especially those playing the stock market. Pullouts by foreign-managed exchange funds have been noted even as foreign investors continue to be gloomy over uncertainties in the US Federal Reserve’s monetary policy, coupled with skepticism on Japan’s strategy for recovery.

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TESS HERBOSA

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abtest

‘Don’t panic; it’s just a glitch’

June 16, 2013 - 12:00am

With the sudden plunge in local shares — from a historic high of 7,403 in the main index last May to sharp declines in the past few days by as much as 6.8 percent, ending a little above 6,000 levels —...

Opinion