PSEi sheds points on jitters over US Fed action

Expectations that the US Federal Reserve will cut interest rates by more than what was originally anticipated halted the local bourse’s two-day winning streak on Wednesday, with investors worrying about a possible economic weakness. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) shed 0.27 percent, or 19.46 points, to 7,155.90. Meanwhile, the
Read The Rest at :