PSEi skids to 7700 level after Aug inflation data

THE stock market fell to the 7,700 territory in early trading Wednesday following the release of higher- than-expected August inflation data.

As of 11:33 a.m., the benchmark Philippine Stock Exchange index (PSEi) was down 1.62 percent or 127.42 points at 7,754.40 while the wider All Shares was down 1.35 percent or 64.88 points at 4,730.98.