PSEi falls below 5,900 on inflation shock

MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) retreated on Tuesday as investors digested a hotter-than-expected inflation print and rising geopolitical risks. The benchmark PSEi fell by 0.74 percent or 44.08 points to close at 5,898.08. READ: Inflation spikes further to 7.2% in April on oil crisis spillover Philstocks Financial research manager Japhet Tantiangco