The local bourse failed again to hit the 8,000 level on Tuesday as investors remained on the sidelines in the wake of political tensions arising from the recent drone attack in Saudi Arabia.

Bellwether Philippine Stock Exchange index (PSEi) slipped 0.81 percent or 64.67 points to finish at 7,932.23, while the wider All Shares dropped 0.60 percent or 28.85 points to close at 4,794.20.

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