NEWS of US President Obama’s decision to permit airstrikes on Iraqi militants sent local equity investors scurrying for the exits, sending the local market sharply lower at the end of the week’s trade.
The Philippine Stock Exchange index (PSEi) fell 74.87 points, or 1.08 percent to close at 6,880.34, while the broader All Shares index declined 0.90 percent or 37.40 points to 4,129.40.
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