PSEi snaps 2-day rally on profit-taking

MANILA, Philippines —Local stocks fell on Thursday, ending a two-day rally as investors took profits amid renewed tensions in the Middle East and economic concerns weighing on sentiment. The benchmark Philippine Stock Exchange Index (PSEi) shed 1.23 percent, or 78.39 points, to close at 6,288.25. READ: Trump says will demand conflict compensation from Iran Philstocks