THE stock market retreated by more than 2 percent on Wednesday as investors sold off over pessimism on the Philippines’ gross domestic product (GDP) for the third quarter of 2018.
The Philippine Stock Exchange index (PSEi) dropped by 2.04 percent or 146.18 points to close at 7,033.93. All Shares declined by 1.67 percent or 73.16 points to finish at 4,298.92.
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