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Byline: Neil Jerome C. Morales
THE COMPOSITE index tumbled anew yesterday, snapping from a two-day climb, as developments abroad continued to worry investors.
The Philippine Stock Exchange index (PSEi) fell by 0.4% or 16.71 points to 4,186.89.
However, the broader all shares index rose by 0.14% or 3.86 points to 2,765.17.
"Philippine stocks tumbled [yesterday] as investors turned cautious," said brokerage firm AB Capital Securities, Inc. in a market report.
AB Capital noted the PSEi had gained 18.12 points when trading opened yesterday but "the market's mood turned sour..."
There were concerns over Chinese growth, it said, …