1.  Brokers predicted the drop on the Dow overnight would further weaken local sentiment that has already been depressed by continued regional currency and stock market softness.

2.  European dollar deposit rates, closed flat across the board with few lenders to the South East Asian markets on fears of continued currency turmoil.

3.  More volatility was expected because of continued currency worries.

4.  The continued currency volatility has badly hurt the Philippine Stock Exchange.