PSEi skids to 6,000 after BSP rate hike

MANILA, Philippines — Local stocks dropped on Thursday, nearing the 6,000 level as the latest rate hike by the Bangko Sentral ng Pilipinas (BSP) negatively affected investor sentiment. The benchmark Philippine Stock Exchange Index (PSEi) shed 2.16 percent, or 132.65 points, to close at a two-month low of 6,004.58. READ: BSP extends inflation fight with