TTI extended its decline to 21%, the biggest drop since November 2008.

The Philippine stock index opened 0.3% lower at 6,508.78 after reporting a weaker-than-expected GDP growth.

Philippine Economy Secretary: The Philippines has already felt the lagged effect of interest rate hikes.

Philippine Minister of Economy: We will continue to strengthen supply-side interventions, we are committed to maintaining overall price stability amid upside risks, and the improved outlook for inflation has created good conditions for interest rate cuts.

Philippine Economy Secretary: Government spending will accelerate growth in the next few quarters.

Philippine Minister of Economy: The GDP growth target of 6.0% to 7.0% in 2023 is achievable.

Philippine Economy Secretary: In order to achieve the full-year target, growth of at least 6.6% in the second half of 2023 is required.

The Philippine peso fell 0.3% on the day as GDP growth came in weaker than expected.

Philippines Q2 GDP growth 4.3% YoY; forecast 6.0% growth.

From Japan to August 4, foreign capital bought Japanese bonds -1.966 billion yen, the previous value was -166.1 billion yen.

Japan bought 438.8 billion yen in foreign bonds in the week ended August 4, up from 208.9 billion yen in the previous period.

From Japan to August 4, foreign capital bought Japanese stocks -59.4 billion yen, the previous value was 196 billion yen.

Samsung announced the global launch of the folding screen phones Galaxy Z Flip5 and Fold5.

US President Biden: Has ordered the use of all available federal assets on the island to help deal with the wildfires in Hawaii.

According to the Yomiuri Shimbun of Japan: Japanese Prime Minister Fumio Kishida plans to reshuffle the cabinet from September 11 to 13.

According to Punchbowl: The White House seeks to raise $12 billion in disaster relief funds.

Market news: Kenvue will be included in the S & P 500 index.

The SEC said it plans to appeal the court’s ruling against Ripple’s lawsuit, according to court documents.

Market news: Citadel will offer STRIP bond trading in August.

Disney ( DIS.N ) erased a 2 percent drop in after-hours trading and is now up more than 4 percent.