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MANILA, Philippines – Local stocks retreated on Thursday as escalating conflict in the Middle East fueled concerns over higher oil prices and their potential impact on inflation and interest rates.
The benchmark Philippine Stock Exchange Index (PSEi) fell 0.53 percent or 31.30 points, to close at 5,910.06.
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The broader market ended mixed, with 75 gainers, 99 decliners and 59 unchanged issues.
