MANILA, Philippines — Local stocks fell for a fourth straight session on Thursday as investors braced for a possible acceleration in September inflation. The benchmark Philippine Stock Exchange Index (PSEi) shed 0.88 percent, or 50.01 points, to close at 5,629.47. READ: September inflation likely hit 3-year high, says BSP Philstocks Financial Inc. said investors turned cautious ahead of the release of September inflation data. The Bangko Sentral ng Pilipinas expects inflation to have settled between 6.4 percent and 7.4 percent last month.  This would be faster than the 6.1 percent recorded in August. Elevated oil prices and yields, along with a weak […]...

Keep on reading: Inflation fears drag PSEi deeper into 5,600 level