PSEi falls to 5,728 on rate hike, weaker peso 

MANILA, Philippines — Local stocks retreated on Friday as investors weighed the impact of higher borrowing costs on economic growth, while a weakening peso added to market jitters. The benchmark Philippine Stock Exchange Index (PSEi) dropped 0.88 percent, or 51.10 points, to close at 5,728.63. READ: BSP unleashes jumbo rate hike vs inflation Philstocks Financial Inc.