Profit-taking snaps stock market rally

THE stock market snapped a four-day rally on Tuesday as investors took profits while waiting for the results of renewed trade talks between the United States and China.

The Philippine Stock Exchange index (PSEi) dropped by 1.10 percent or 85.54 points to close at 7,702.12. The broader All Shares declined by 0.81 percent or 37.80 points to finish at 4,634.17.