PSEi slips as investors lock in gains after rally

MANILA, Philippines – Local stocks retreated on Tuesday as investors took profits following the market’s recent surge, although foreign buying helped cushion the decline. The benchmark Philippine Stock Exchange Index (PSEi) fell 0.43 percent, or 27.13 points, to close at 6,245.75. READ: Peso, stocks rally on Middle East deal Michael Ricafort, chief economist at Rizal Commercial