PSEi falls to 7,700 on lack of catalysts after Fed-hike delay

The philippine stock market persisted on a downward track Thursday, tailing other Asian markets while desperately looking for fresh catalysts after failing to find one from the two-day US Federal Open Market Committee meeting.

The Philippine Stock Exchange index (PSEi) fell 110.65 points or 1.41 percent to 7,714.82, while the wider All Shares index lost 43.22 points or 0.96 percent to end at 4,453.