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PSEi drops to 6,900

THE Philippine index plummeted to the 6,900-point territory on Tuesday amid worries on global oil prices.

The bellwether Philippine Stock Exchange index plunged 4.26 percent, or 310.34 points, to its day low of 6,977.73 while the broader All Shares lost 3.3 percent, or 127.46 points, to close at 3,739.52.