PSEi rises further as US Fed rate cut euphoria lingers

MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) climbed closer to the 6,300 barrier on Friday. This rise was fueled by growing optimism over the American central bank’s anticipated rate cut, which triggered a frenzy in equities trading.

By the closing bell, the benchmark PSEi had jumped 0.5 percent, or 30.87 points, to end at 6,264.49. Similarly, the broader All…
https://business.inquirer.net/548009/psei-rises-further-as-us-fed-rate-cut-euphoria-lingers