US Federal Reserve’s rate cut plans buoy PH shares toward 7,000

MANILA, Philippines — Investors on Thursday cheered the US Federal Reserve’s planned interest rate cuts later this year, allowing the Philippine Stock Exchange Index (PSEi) to finally reclaim 6,900. By the closing bell, the benchmark index added 1.55 percent, or 106.45 points, to 6,963.22. The broader All Shares Index rose by 1.21 percent, or 43.14
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