Recession fears drag PSEI down toward 6,600

Panicked traders pulled the bourse down near the 6,600 level on Friday and erased the previous day’s rally as fears of a recession abroad caused selloffs at home. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) tumbled by 1.32 percent, or 88.53 points, to 6,605.30. The broader All Shares Index likewise slipped
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