PSEi slides 2.08% after Q4 GDP slowdown

MANILA, Philippines — Local shares plunged on Thursday as investors reacted negatively to the weaker-than-expected economic growth data and a softer peso following the US Federal Reserve’s decision to keep interest rates unchanged. The benchmark Philippine Stock Exchange Index (PSEi) fell by 2.08 percent or 132.42 points to close at 6,223.36, retreating sharply after the