MANILA – Philippine stocks slumped on Monday as large cap stocks moved sideways ahead of the release of US inflation data. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) slipped 1.01 percent, or 69.97 points, to 6,872.24 while the broader All Shares index was down 0.78 percent, or 28.09 points, to 3,574.72.
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