Dovish central bank perks up shares

Philippine shares continued their climb toward 6,600 on Tuesday, thanks to a dovish Bangko Sentral ng Pilipinas (BSP) again hinting at an interest rate cut. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) added 0.42 percent, or 27.23 points, to 6,556.66. Meanwhile, the broader All Shares Index rose by 0.39 percent, or
Read The Rest at :