PSEi climbs 1.98% on peso strength, Wall Street cues

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: