PSEi jumps 6.14% as investors cheer US-Iran peace deal

MANILA, Philippines – Local stocks staged a sharp rally on Monday as investors welcomed news of a peace agreement between the United States and Iran, fueling hopes of lower oil prices and easing inflationary pressures. The benchmark Philippine Stock Exchange Index (PSEi) jumped 6.14 percent or 362.82 points, to close at 6,272.88. READ: Middle East