PSEi sinks to 5,679 on economic woes

PSEi sinks to 5,679 on economic woes

MANILA, Philippines — Local stocks fell for a third straight session on Wednesday as concerns over economic growth, rising US Treasury yields, and a weak peso dampened investor sentiment. The benchmark Philippine Stock Exchange Index (PSEi) lost 1.03 percent, or 58.92 points, to close at 5,679.48. READ: Marcos economic team to revisit targets Philstocks Financial Inc. said growth worries intensified after Department of Budget and Management Assistant Secretary Romeo Matthew Balanquit warned that