PSEi sinks below 6,000 on rate, growth woes

MANILA, Philippines — Local stocks continued their decline on Friday, pushing the benchmark index below 6,000 as concerns about further monetary tightening and weaker economic growth weighed on investor sentiment. The Philippine Stock Exchange Index (PSEi) fell 0.80 percent, or 48.25 points, to close at 5,956.33. READ: BSP raises policy rate to 5%; peso sinks to