The local stock barometer broke the 6,000 barrier on Monday while the peso slipped further into the 58 level against the US dollar as alleged corruption in government flood control projects unsettled investors.

The benchmark Philippine Stock Exchange Index (PSEi) slipped to a six-month low of 5,997.60, down by 0.49 percent, extending its losing streak to the sixth consecutive session.

This is its lowest closing value since April 7, when global markets were reacting to US President Donald Trump’s “Liberation Day” tariffs.