Bargain hunting shores up PSEi despite inflation woes

MANILA, Philippines — Local stocks inched up on Tuesday as bargain hunting lifted the market late in the session, offsetting jitters over higher-than-expected inflation. The benchmark Philippine Stock Exchange Index (PSEi) rose 0.16 percent or 9.54 points, to close at 5,957.87. Luis Limlingan, head of sales at stock brokerage house Regina Capital Development Corp., said the