MANILA, Philippines – Local stocks rebounded on Tuesday, lifted by the peso’s appreciation and positive signals from Wall Street, although trading remained subdued amid lingering investor caution. The Philippine Stock Exchange Index (PSEi) surged 1.98 percent or 125.44 points to close at 6,474.60, snapping recent weakness as investors took cues from firmer global markets.  READ: Tokyo stocks strike record high after Japanese premier wins vote Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the PSEi gained for the third time in four trading days, rising by nearly 2 percent to close at an intraday high of 6,474.60. Ricafort […]... Keep on reading: PSEi climbs 1.98% on peso strength, Wall Street cues