PHILIPPINE stocks fell back to the 7,200-points level on Tuesday as profit-taking set in following the market’s more than one percent surge on Monday.

THE Philippine Stock Exchange index (PSEi) fell 90.84 points or 1.24 percent or to 7,222.01, while the wider All Shares index lost 42.04 points or 0.98 percent to 4,244.30.

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