PSEi recovers on lower oil prices, calmer geopolitical outlook

MANILA, Philippines – Local stocks bounced back on Tuesday as investors welcomed signs of easing conflict in the Middle East, which helped pull down global oil prices and improve risk appetite across markets. The benchmark Philippine Stock Exchange Index (PSEi) climbed 1.13 percent or 66.30 points, to close at 5,945.71, recovering from the previous session’s