PSEi extends slump on rate hike, inflation fears 

MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) extended losses on Friday as investors digested the Bangko Sentral ng Pilipinas’ (BSP) latest rate hike and rising inflation expectations. The benchmark index fell 0.67 percent or 40.32 points to close at 5,943.49. Philstocks Financial research manager Japhet Tantiangco said the decline came after the BSP