PSEi slips as BSP switches to hawkish mode

MANILA, Philippines — Local stocks extended losses on Thursday as the prolonged Middle East war and the local central bank’s interest rate hike gnawed on investor sentiment. The benchmark Philippine Stock Exchange Index (PSEi) dipped 0.1 percent or 5.75 points, to close at 5,983.81, slipping below the 6,000 level. READ: Asian stocks sink, oil rises as