PH stock market ruled by US Fed worries

Negative sentiment persisted in the market as foreign selling continued to feed on worries that the US Federal Reserve may finally raise interest rates during its policy meeting next week.

The Philippine Stock Exchange index (PSEi) declined by 0.42 percent or 31.52 points to 7,550.27, while the broader All Shares index increased by 0.87 percent or 39.53 points to 4,573.87.