{
  "id": 10989753,
  "title": "Inflation worries sink stocks to 10-month low",
  "url": "https://urgent.news/2026/09/30/inflation-worries-sink-stocks-to-10-month-low",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/10/01/2560057/inflation-worries-sink-stocks-10-month-low"
  },
  "original_language": "en",
  "account": "Manila, Philippines — The Philippine stock market plummeted to a new 10-month low as worries over surging inflation took hold. The key Philippine Stock Exchange index (PSEi) fell for the third consecutive day, shedding 1.03 percent or 58.92 points to close at 5,679.48, marking the lowest level since November 14, 2025. The wider All Shares index also slipped by 0.74 percent or 23.75 points, finishing at 3,179.08. Luis Limlingan expressed cautious market sentiment, citing the Bangko Sentral ng Pilipinas' warning that inflation could surge to 7.4 percent by September. This, he said, further dampened investor confidence, given the implications for monetary policy and economic growth. Philstocks Financial Inc. attributed the market's decline to negative signals from Wall Street, driven by persistent US long-term Treasury yield increases and a weakening Philippine peso. The decline affected all sectors, except holding firms, which managed a marginal gain of 0.21 percent. Services were the hardest hit, dropping 1.84 percent, while financials tumbled 1.29 percent. Trading volume surged to P9.1 billion, up from P5.39 billion the prior day, with 106 decliners outpacing 74 advancers. ICTSI led the day's trading, falling 1.98 percent to P891 per share, followed by SM Investments, which rose 0.04 percent to P499.80, and BDO Unibank, which slipped 0.88 percent to P113.",
  "summary": "The local stock market sank to a fresh 10-month low amid growing concerns over rising inflation.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}