Geopolitical risks push PSEi down

GEOPOLITICAL concerns sparked selloffs among investors on Friday, dragging the stock market back to the 7,900 level.

The benchmark Philippine Stock Exhange index (PSEi) dropped by 0.76 percent or 61.56 points to close at 7,990.20, while the broader All Shares declined by 0.59 percent or 29.21 points to finish at 4,884.91.