Inquirer
MANILA, Philippines – Philippine stocks rose at the opening bell on Wednesday, tracking a regional rally after news of a two-week truce between the United States and Iran eased fears of a wider Middle East conflict. The benchmark Philippine Stock Exchange Index (PSEi) climbed 1.95 percent or 116.19 points, to 6,074.06 as of 9:30 a.m. READ: us-iran-agree-to-11th-hour-truce-after-trump-apocalyptic-threats Market sentiment improved as investors returned to risk assets following signs of deescalation in geopolitical conflict. The local bourse mirrored gains across Asia-Pacific markets, where South Korea’s Kospi surged 5.5 percent and Japan’s Nikkei 225 advanced about 4.7 percent in early trade. These […]... Keep on reading: PSEi climbs past 6,000 in early trade on US-Iran truce boost
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