Philippine stocks drop as investors await GDP data; peso closes steady
Philippine stocks declined on Tuesday as market sentiment turned cautious ahead of releasing the country’s fourth-quarter gross domestic product (GDP) data and the U.S. Federal Reserve’s upcoming policy decision. Meanwhile, the Philippine peso ended the day virtually unchanged. The Philippine Stock Exchange index (PSEi) shed 0.70%, closing at 6,153.47, marking a seven-month low. The broader…