PSEi inches up on Wall Street gains

MANILA, Philippines — Philippine stocks rose on Friday as investors drew inspiration from Wall Street’s overnight gains and reacted positively to favorable US inflation data. The benchmark Philippine Stock Exchange Index (PSEi) gained 0.14 percent, or 9.05 points, to close at 6,297.30. READ: Jollibee Q2 profit hits record P3.4B Philstocks Financial Inc. research manager Japhet Tantiangco