PSEi slips as oil worries dampen sentiment

MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) closed lower on Friday as investors turned cautious amid the escalating conflict in the Middle East. This has raised fears of higher oil prices and their potential impact on inflation. The benchmark PSEi slid by 0.94 percent or 60.12 points to close at 6,320.41. Luis Limlingan,