PSEi climbs back to 6,400 level on rate cut hopes

MANILA, Philippines — Bargain hunting lifted the benchmark index back to the 6,400 level on Thursday amid optimism over possible monetary policy easing by the Bangko Sentral ng Pilipinas (BSP). The Philippine Stock Exchange Index (PSEi) climbed by 97.72 points or 1.53 percent to close at 6,487.53, buoyed by renewed buying after recent declines. Market sentiment