PSEi down anew, drops to 7,700 level

The stock market fell further on Tuesday, dropping to its lowest in nearly a year, with investor sentiment said to have been dampened by trade and geopolitical concerns and fears of an economic overheating.

The benchmark Philippine Stock Exchange index dropped by 1.87 percent or 146.86 points to finish at 7,723.39, returning to levels last seen in May last year. The broader All Shares fell 1.58 percent or 75.32 points to end at 4,695.96.