PSEi plunges to 6,500 level before policy meetings

THE MAIN INDEX on Tuesday ended at the 6,500 level for the first time since August as the market succumbed to selling pressure before the policy meetings of the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). The Philippine Stock Exchange index (PSEi) fell by 1.71% or 113.45 points to close at 6,501.71