The Philippine Stock Exchange index (PSEi) retreated 1.04 percent on Friday as investors took the chance to sell and avoid “risks” before the Trump administration officially issues any policy, especially on tax reforms.

The benchmark PSEi cut its four-day gain on, dropping 76.57 points or 1.04 percent to close at 7,258.99. The wider All Shares lost 32.19 points or 0.73 percent to end at 4,395.08.

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