PSEi down 0.67% on negative sentiments

By Ed Paolo Salting

Sep 24, 2022 12:17 am

THE Philippine Stock Exchange index (PSEi) dropped by 42.17 points, or 0.67 percent, on Friday to 6,259.54 as investors digested the policy rate hikes of the Federal Reserve (Fed) and the Bangko Sentral ng Pilipinas.

Also, the peso hitting a new record low of P58.50 against the greenback negatively impacted investor sentiment.

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