MANILA  -Philippine stocks were mostly higher as investors bought up top conglomerates while following developments overseas. By the closing bell, the Philippine Stock Exchange index (PSEi) gained 1.13 percent, or 70.29 points, to 6,295.29 while the broader All Shares index was up 0.82 percent, or 27.57 points, to 3,382.19. 'Sentiment was buoyed by the bigger than expected drop in US job openings and consumer confidence, with investors speculating that this could ease the pressure on the Federal Reserve to hike interest rates,' Juan Paolo Colet, managing director at investment bank China Bank Capital Corp.

https://business.inquirer.net/418361/psei-surges-as-investors-pin-hope-on-fed-easing-rate-hikes

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