5 months PSEi rallies on trade talk news Manilatimes |Biz
THE stock market climbed back to the 7,900 level on Friday, joining a regional rally as investors cheered reported progress in US-China trade talks. The benchmark Philippine Stock Exchange index (PSEi) rose by 0.56 percent or 44.53 points to close at 7,920.93 while the broader All Shares grew 0.43 percent or 20.73 points to end at 4,864.17. Philstocks Financial Inc. research associate Japhet Louis Tantiangco said market players loaded on equities following news of “constructive” negotiations in Beijing. US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer met with their Chinese counterparts on Friday and talks will continue next ... more