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Philippine stock index plummets 4.8 percent (3:28 p.m.)

MANILA - Philippine shares have tumbled for the fourth straight session on mounting concerns over the fallout from the U.S. financial crisis.
The Philippine Stock Exchange Index on Wednesday fell 116.45 points, or 4.8 percent, at 2,307.74. It has lost 11.7 percent since last Thursday.
Decliners outnumbered gainers 113 to 14, with 21 stocks unchanged. All sectors [...]

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