BusinessWorld Online·3 min read·medium
PSEi climbs to 6,300 range as ME tensions ease
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The Philippine Stock Exchange index rose as global markets reacted to a de-escalation of tensions in the Middle East. The resulting drop in oil prices helped ease investor concerns regarding inflation and global economic stability.
PHILIPPINE STOCKS rose on Monday to lift the main index back above the 6,300 line on optimism over a de-escalation in the Middle East (ME) conflict that led to a decline in global oil prices.
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