THE stock market lost more than 80 points on Tuesday as investors went on risk-off selling after the government canceled 75 mining contracts earlier in the day, ahead of the US Congress testimony of Federal Reserve Chair Janet Yellen.

The benchmark PSEi lost 87.83 points or 1.20 percent to 7,206.84, while the All Shares also declined by 34.28 points or 0.78 percent to close at 4,374.58.

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