PSEi falls below 5,900 on inflation shock

MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) retreated on Tuesday as investors digested a hotter-than-expected inflation print and rising geopolitical risks. The benchmark PSEi fell by 0.74 percent or 44.08 points to close at 5,898.08. READ: Inflation spikes further to 7.2% in April on oil crisis spillover Philstocks Financial research manager Japhet Tantiangco said sentiment weakened after inflation came in at 7.2 percent, exceeding market expectations.  This raised concerns that price pressures could stay elevated longer, potentially limiting policy easing. READ: Iran says ‘ball in US court,’ but ready for talks or war Investors tracked developments in the Middle […]... Keep on reading: PSEi falls below 5,900 on inflation shock

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