The Philippine benchmark index just hit a rough patch, sliding 1.3% to close at 5,629.73. That's actually the weakest level we've seen since way back in May 2020 — yeah, pandemic times. The downturn reflects mounting market pressure in the region, with investors clearly spooked by something. Whether it's global macro headwinds or local factors, this drop marks a significant psychological level being broken. Worth watching how the market responds in coming sessions.

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