THE local market remained in the red on Wednesday amid election-related uncertainties and anticipation of the release of the country's gross domestic product (GDP) figure and US inflation rate.

The bellwether Philippine Stock Exchange index (PSEi) lost 1.27 percent, or 85.07 points, to 6,635.86 while the broader All Shares declined by 0.74 percent, or 26.65 points, to close at 3,557.97.

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