PSEi slips on profit-taking

MANILA, Philippines — Local stocks ended lower on Tuesday as investors took profits late in the session while remaining cautious over lingering uncertainties surrounding tensions between the United States and Iran. The benchmark Philippine Stock Exchange Index (PSEi) slipped 0.17 percent, or 10.87 points, to close at 6,304.03. READ: Trump says ‘good chance’ of progress in Iran talks as foes hold fire According to Philstocks Financial Inc. research manager Japhet Tantiangco, last-minute profit-taking pulled the market into negative territory as investors continued to monitor geopolitical developments in the Middle East. “Last minute profit taking sent the local bourse lower with investors […]...

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