PSEi down on hawkish monetary policy shift

MANILA, Philippines – Local stocks opened the week on a weak note as concerns over rising inflation and interest rates dampened investor appetite. The benchmark Philippine Stock Exchange Index (PSEi) fell 0.71 percent or 42.34 points, to close at 5,901.15. READ: cautious-equities-trading-seen-to-continue-this-week Luis Limlingan, head of sales at stock brokerage house Regina Capital Development Corp.,