PSEI tumbles anew as hopes of rate cut doused

MANILA, Philipines — Early gains in the local stock market were erased by the closing bell on Thursday, as traders absorbed the US Federal Reserve’s decision to keep interest rates unchanged, a move expected to be mirrored by the Bangko Sentral ng Pilipinas (BSP). The benchmark Philippine Stock Exchange Index (PSEi) slipped to the 6,300
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