MANILA  -Philippine stocks were little changed on Thursday after the US Federal Reserve delivered an expected 25-basis point interest rate hike after its regular policy meeting. The benchmark Philippine Stock Exchange Index (PSEi) slipped 0.02 percent, or 1.21 points, to 6,677.92 while the broader All Shares index added 0.03 percent, or 0.99 points, to 3,547. 'The mixed reaction may be due to the widely expected move of the Fed, and while Chair Jerome Powell kept the door open to further policy tightening this year, markets are pricing only a 20-percent probability of another 25-basis point hike in September,' Juan Paolo Colet, managing director at investment bank China Bank Capital Corp.

https://business.inquirer.net/412603/ph-stocks-barely-move-after-fed-acts-as-predicted

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