PHILIPPINE shares succumbed on the last trading day of the week after Standard & Poor Global Ratings earlier downgraded its gross domestic product (GDP) outlook for the Philippines.
The bellwether PSEi index shed 50.95 points on Friday or 0.64 percent to finish at 7,885.90. The broader All Shares lost 17.90 points or 0.38 percent to finish at 4,735.82.
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