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× Fresh US-China tensions pull local stocks down

Philippine shares closed the trading week in the red, slipping back to the 5,500 territory on renewed tensions between the United States and China.
The benchmark Philippine Stock Exchange Index (PSEi) shed 1.17 percent or 65.30 points to close at 5,539.19, while the wider All Shares slid by 0.74 percent to 24.98 points to end at 3,349.98 on Friday.
Regina Capital Development Corp. Managing Director…