PSEi falls on renewed US-Iran hostilities

MANILA, Phiippines — Local stocks fell Wednesday as renewed US-Iran tensions drove up global yields and oil prices, while the peso’s drop to a record low weighed on sentiment. The benchmark Philippine Stock Exchange Index (PSEi) declined by 0.67 percent, or 40.66 points, to close at 6,053.23. READ: Trump vows to hit Iran ‘hard’ after first