PSEi rebounds as US-Iran accord lifts sentiment

MANILA, Philippines – Local stocks bounced back on Thursday as investors welcomed signs of easing conflict in the Middle East, raising hopes of more stable oil supplies and a softer inflation outlook. The benchmark Philippine Stock Exchange Index (PSEi) climbed 0.64 percent, or 38.85 points, to close at 6,153.66, recovering part of the previous session’s losses.