The Philippine stock market dipped for a second day on Tuesday, as investors again took to the sidelines on uncertainty about a possible Fed rate hike next month, or opted to collect their gains from the bourse’s extended rally in March.

The benchmark Philippine Stock Exchange Index (PSEi) retreated by 0.82 percent or 60.12 points to end the trading day at 7,274.40, while the wider All Shares declined by 0.37 percent or 15.73 points to close at 4,202.10.

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