Philippine stocks spooked by peso free fall as Middle East war intensifies

MANILA, Philippines — Local stocks closed lower on Thursday, as early selling pressure dragged the main index into the red, weighed down by peso’s weakness and global uncertainties. The benchmark Philippine Stock Exchange Index (PSEi) fell 0.61 percent or 36.83 points, to close at 6,018.62. Luis Limlingan, head of sales at stock brokerage house Regina Capital