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PSEi climbs to 4-month high after US-China truce
May 14, 2025
|Business World Philippines
PHILIPPINE stocks on Tuesday hit their highest close in more than four months as investors cheered the 90-day tariff truce between the US and China.
The bellwether Philippine Stock Exchange Index (PSEi) went up 1.68% or 108.62 points to 6,566.82, while the broader all-share index gained 1.12% or 42.48 points to 3,805.33.
‘The stock advance came a day after general peaceful midterm elections.
“The PSEi surged above the key resistance around 6,500 on strong volume as investors bought into positive news of a 90-day detente in the US-China trade war, as well as the generally peaceful outcome of the Philippine midterm elections,” Juan Paolo E. Colet, managing director at China Bank Capital Corp., said in a Viber message.
هذه القصة من طبعة May 14, 2025 من Business World Philippines.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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