A BIGGER-THAN-EXPECTED second-quarter growth slowdown weighed on financial markets on Thursday, with the peso dipping versus the dollar, and the benchmark Philippine Stock Exchange index (PSEi) plunging back to the 6,400 level.
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THE peso fell further into P55:$1 territory but the stock market rebounded back to the 6,500 level in the wake of Tuesday s United States credit rating downgrade.