PSEi climbs back to 6,000 on upbeat Wall St trades

MANILA, Philippines – Philippine stocks rebounded on Monday as bargain hunting and positive cues from Wall Street helped lift the market after two straight days of decline. The Philippine Stock Exchange Index (PSEi) climbed by 120.39 points, or 2.03 percent, to close at 6,041.26, snapping its losing streak as investors moved back to beaten-down shares.