PSEi retreats as investors fret over growth

MANILA, Philippines — Local stocks fell on Thursday as investors digested corporate earnings and a downgrade to the country’s economic growth outlook. The benchmark Philippine Stock Exchange Index (PSEi) shed 32.65 points, or 0.57 percent, to close at 5,660.55.  READ: Weak growth momentum to spill into 2027–BMI The broader all-shares index lost 24.86 points, or 0.78