PSEi drops to 2026 low as peso weakens

MANILA, Philippines — Local stocks fell for a third straight session on Friday, closing at their lowest level this year as a weaker peso and a downgrade to the country’s growth outlook weighed on sentiment. The benchmark Philippine Stock Exchange Index (PSEi) shed 67.06 points, or 1.18 percent, to close at 5,593.49, slipping below 5,600. READ: