PSEi snaps 3-day climb on profit-taking

MANILA, Philippines – Philippine stocks retreated on Thursday as investors locked in gains following a three-day rally, while renewed tensions between the United States and Iran dampened risk appetite and revived concerns over oil prices. The benchmark Philippine Stock Exchange Index (PSEi) fell 0.69 percent or 41.24 points, to close at 5,911.93. The broader all shares