THE Philippine Stock Exchange index (PSEi) ended in the red on Tuesday, inching down by 62.23 points, or 92 percent, to close at 6,690.27.
Local shares faced an uphill battle as the effects of the blunt and hawkish remarks made by Federal Reserve (Fed) Chairman Jerome Powell in the Jackson Hole Symposium in Wyoming on Aug. 27, 2022 reverberated across markets around the world.
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