PSEi rises anew on hopes of US-Iran peace deal

MANILA, Philippines — Local stocks rose on Friday as investors tracked Wall Street’s overnight rally and growing hopes that the United States and Iran could eventually reach a peace agreement. The benchmark Philippine Stock Exchange Index (PSEi) climbed 0.69 percent or 40.70 points, to close at 5,961.40, extending gains for a second straight session. Philstocks Financial