MANILA, Philippines — Local stocks closed lower on Thursday, as early selling pressure dragged the main index into the red, weighed down by peso’s weakness and global uncertainties. The benchmark Philippine Stock Exchange Index (PSEi) fell 0.61 percent or 36.83 points, to close at 6,018.62. Luis Limlingan, head of sales at stock brokerage house Regina Capital Development Corp., said the market decline came as the peso dropped to a record low against the US dollar. This followed the US Federal Reserve’s decision to keep interest rates unchanged. READ: Peso closes at 60.10 vs dollar, weakest level in history “The ongoing uncertainty […]... Keep on reading: Philippine stocks spooked by peso free fall as Middle East war intensifies