The Philippine Stock Exchange index (PSEi) took a cue from developments in overseas markets, closing Wednesday’s session below 7,800 points after a sell-off in US markets overnight.

The benchmark index slipped 0.48 percent, or 37.78 points to close at 7,790.70, while the broader All Shares index was down 0.66 percent, or 30.15 points, at 4,523.62.

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