PSEi sinks below 6,100 as Middle East conflict flares anew

MANILA, Philippines – Local stocks slid on Monday as renewed US-Iran tensions weighed on sentiment, while weak government infrastructure spending fueled concerns over the country’s growth outlook. The benchmark Philippine Stock Exchange Index (PSEi) fell 1.64 percent, or 100.33 points, to close at 6,035.02. READ: Middle East war: Iranians walk out of talks venue after