THE stock market plunged by over a percent on Tuesday, falling back to the 7,700 level, as latest inflation data stoked concerns over the scale of expected Bangko Sentral ng Pilipinas (BSP) rate hikes.
The bellwether Philippine Stock Exchange index (PSEi) dropped by 1.17 percent or 91.46 points to finish at 7,725.85, while the broader All Shares was down 0.53 percent or 24.85 points to end at 4,635.59.
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