PSEi rate cut frenzy cut short on US threat to Iran

PSEi rate cut frenzy cut short on US threat to Iran

MANILA, Philippines – Frenzy over the central bank’s rate cut was cut short on Friday after US President Donald Trump weighed plans to launch an attack on Iran, causing a dip in the local bourse. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) had lost 0.27 percent, or 17.24 points, to 6,339.77.