PSEi slips on stagflation concerns, lingering economic pressures

MANILA, Philippines — Philippine stocks slipped on Wednesday as investors turned cautious after President Ferdinand Marcos Jr. warned about stagflation risks amid lingering economic pressures. The benchmark Philippine Stock Exchange Index (PSEi) slipped by 0.06 percent or 3.40 points, to close at 5,893.40. Luis Limlingan, head of sales at Regina Capital Development Corp., said investors