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PSEi down as weak peso trumps BSP rate cut

By Inquirer - a month ago
A second round of monetary policy easing was not enough to lift the local bourse on Thursday as anxious investors considered the weakening peso. The benchmark Philippine Stock Exchange Index (PSEi) shed 0.49 percent, or 36.67 points, to close at 7,400.33. Meanwhile, the broader All Shares Index declined by 0.52 percent, or 21.32 points, to

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