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Bourse rallies past 7,100 on US rate cut hopes

By Inquirer - 2 months ago
Optimism over easing inflation and a possible interest rate cut in the United States spilled over to the beginning of the week, with the local bourse rallying past 7,100. By the closing bell on Monday, the benchmark Philippine Stock Exchange Index (PSEi) climbed by 1.16 percent, or 81.35 points, to 7,104.20, its highest closing value

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