PSEi back to 6,500 on global uncertainty

The local market fell back to the 6,500-point territory on Tuesday after surging past 6,600 on Monday as global uncertainties dampened buying sentiment.

Astro del Castillo, First Grade Finance Inc. managing director, said the market is starting to digest the uncertainties happening in the global arena, particularly the fact that the geopolitical tension in Ukraine has already made a tangible effect on the global markets.