PSEI falls below 6,000 on growth, peso woes

MANILA, Philippines — Local stocks extended their decline on Friday, sending the benchmark index below the 6,000 level as concerns over further monetary tightening and weaker economic growth weighed on investor sentiment. The Philippine Stock Exchange Index (PSEi) fell 0.8 percent, or 48.25 points, to close at 5,956.33. This marked the PSEi’s lowest close in