THE stock market fell by over 2 percent on Wednesday with investors waiting for the results of a US Federal Reserve policy meeting said to have been spooked by the peso’s breaching P53:$1.
The benchmark Philippine Stock Exchange (PSEi) dropped by as much as 2.43 percent in morning trade before trimming its losses to close at 7,602.98, down 2.17 percent or 168 points from Monday.
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