The benchmark Philippine Stock Exchange index (PSEi) plunged over 100 points to close below 6,700 on Wednesday, following a similar selldown in Asia and Wall Street overnight. The PSEi fell 1.5 percent, or 101.73 points, to 6,699.23 while the broader All Shares index lost 1.17 percent, or 42.25 points, to 3,579.36. This comes after US stocks saw their worst day in two months as investors brace for further interest rate hikes in the coming months. PSE data showed 1.34 billion shares valued at P4.93 billion changing hands while net foreign selling jumped to P752.34 million. "Local equities plummeted, breaking the 6,700 stronghold, due to the lack of positive catalysts," Luis Ge...
Keep on reading: PH shares dive on heels of Wall Street sell-off
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