PSEi jumps 1.67% on economic growth hopes

MANILA, Philippines – Local stocks rebounded sharply on Tuesday, with the Philippine Stock Exchange Index (PSEi) climbing 1.67 percent or 104.88 points to close at 6,401.96. This, as investors returned to the market on expectations of stronger economic activity and a possible policy rate cut from the Bangko Sentral ng Pilipinas (BSP). READ: dof-eyes-p1-4-b-spending-in-first-quarter-for-economic-recovery Market