PSEi continues slide, drops 1.59%

By Ed Paolo Salting

Sep 01, 2022 12:19 am

THE Philippine Stock Exchange extended its decline on Wednesday as it lost by 106.62 points (1.59 percent) to close at 6,583.65.

Philstocks Financial Inc. research associate Claire Alviar and Rizal Commercial Banking Corp. chief economist Michael Ricafort said this comes as US markets extended their losing streak amid worries that the Federal Reserve (Fed) will continue with its aggressive policy tightening.

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