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Philippine elections

Philippine stocks fall after Marcos election, Wall Street drop

Market wants clear economic plan from new president, analyst says

Philippine Stock Exchange in Manila on May 10. The benchmark Philippine Stock Exchange index opened nearly 2% lower, at 6,632.35, and fell by as much as 3% before paring losses. (Photo by Ken Kobayashi)

MANILA -- Philippine stocks tumbled on Tuesday after election results showed Ferdinand Marcos Jr. poised to become the country's next president and U.S. equities posted big declines.

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