The stock market and the peso both fell on Tuesday following news of weak China inflation and mounting anticipation of a US Federal Reserve rate hike next month.
The peso lost 10 centavos to close at P47.26 against the dollar, while the benchmark Philippine Stock Exchange index (PSEi) declined by 0.99 percent or 70.08 points to 7,000.11. The All Shares index also fell by 0.94 percent or 38.21 points to 4,040.86.
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