PSEi slides to 6,200 level on disappointing GDP report

MANILA, Philippines — Local shares slid on Thursday as investors reacted to weaker-than-expected economic growth data and a softer peso following the US Federal Reserve’s decision to keep interest rates unchanged. The benchmark Philippine Stock Exchange Index (PSEi) fell by 2.08 percent or 132.42 points to close at 6,223.36, retreating sharply after the release of the