PSEi extends slump on oil, inflation fears

MANILA, Philippines – Local stocks extended their decline on Tuesday as investors stayed cautious over rising oil prices and inflation risks tied to the ongoing Middle East conflict. The Philippine Stock Exchange Index (PSEi) dropped 0.68 percent or 40.95 points, to close at 6,013.10. READ: iran-slams-us-blockade-as-grave-violation-of-sovereignty Luis Limlingan, head of sales at stock brokerage house