THE stock market retreated on Tuesday as investors already in wait-and-see mode ahead of Thursday’s Monetary Board meeting were disheartened after China cancelled planned trade talks with the US.

The Philippine Stock Exchange index (PSEi) dropped by 1.37 percent or 101.44 points to close at 7,332.17 while the broader All Shares declined 0.81 percent or 36.63 points to end the day at 4,494.90.