The Philippine Stock Exchange index (PSEi) ended the week with a drop to 6,300 points as concerns over a possible United States Federal Reserve tapering continued to affect investor sentiment.
“Fear of Fed tapering today [Friday] are again taking a risk off stance. More of the same ahead of Robinsons IPO [initial public offering],” Rafael Supangco of Angping and Associates Securities said through a text message on Friday.
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