PSEi snaps out of 2-day slide on bargain hunting

MANILA, Philippines – Local stocks rebounded on Tuesday as bargain hunters stepped in after two consecutive days of decline. The benchmark Philippine Stock Exchange Index (PSEi) gained 0.3 percent, or 18.55 points, to close at 6,445.38. READ: psei-tumbles-over-2-on-middle-east-conflict-fears Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the index rebounded from an intraday low