PSEi down on hawkish monetary policy shift

MANILA, Philippines – Local stocks opened the week on a weak note as concerns over rising inflation and interest rates dampened investor appetite. The benchmark Philippine Stock Exchange Index (PSEi) fell 0.71 percent or 42.34 points, to close at 5,901.15. READ: cautious-equities-trading-seen-to-continue-this-week Luis Limlingan, head of sales at stock brokerage house Regina Capital Development Corp., said the PSEi started the week in the red as market sentiment remained cautious amid continued peso depreciation and renewed increases in crude oil prices. “These developments fueled concerns over rising inflationary pressures, prompting fears of possible additional rate hikes by the central bank. As […]... Keep on reading: PSEi down on hawkish monetary policy shift

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