PSEi falls 2.23% on rate hike concerns

The stock market plunged by more than two percent on Thursday, falling to the 7,600 level, as investors continued to pare their positions amid renewed fears of additional US interest rate hikes. The benchmark Philippine Stock Exchange index (PSEi) lost 175.44 points or 2.23 percent to close at 7,694.12 while the broader All Shares dropped [...]

The post PSEi falls 2.23% on rate hike concerns appeared first on The Manila Times Online.

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