PSEi may retest 6,000 as global risks dampen sentiment

MANILA, Philippines – Local stocks may remain under pressure this week as investors stay cautious over geopolitical tensions and their spillover on inflation, with the main index expected to retest key support levels. For the week, support is seen at the 6,000 level, which may be tested anew, while resistance is pegged at 6,150.  READ: Oil prices up following Trump ultimatum on Iran The Philippine Stock Exchange Index (PSEi) slipped to 6,018.62 last week, down 0.67 percent, as risk aversion intensified due to escalating Middle East conflict and a hawkish pause by the US Federal Reserve, according to 2TradeAsia.  Weakness […]... Keep on reading: PSEi may retest 6,000 as global risks dampen sentiment