The local stock market bucked a regional rally on Tuesday, retreating back into the 8,200 level with investors said to be looking for news that would spur buying.

The bellwether Philippine Stock Exchange index (PSEi) shed 32.79 points or 0.39 percent to close at 8,289.19, while the wider All Shares dropped 20.07 points or 0.41 percent to finish at 4,851.68.

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