PSEi rebounds past 6,300 on bargain hunting, rate-cut hopes

MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) rebounded on Friday as investors snapped up beaten-down shares. This lifted the benchmark index by 1.7 percent or 105.61 points to close at 6,328.97. The market’s recovery came as hopes grew for another possible rate cut by the Bangko Sentral ng Pilipinas. This followed the release