PSEi drops in cautious trade as Trump sworn in

PHILIPPINE STOCKS inched lower on Tuesday as investors stayed on the sidelines following the inauguration of US President Donald J. Trump and his initial policy announcements. The bellwether Philippine Stock Exchange index (PSEi) retreated by 0.15% or 9.68 points to close at 6,340.21, while the broader all shares index dropped by 0.07% or 2.62 points