PSEi surges 2.24% on US-China trade trucehome/Business/Top Business/PSEi surges 2.24% on US-China trade truceTHE stock market surged past 7,500 on Monday to post its strongest finish in nearly three months, tracking a global rally as investors cheered a trade truce between the United States and China. The benchmark Philippine Stock Exchange index (PSEi) added 165.05 points or 2.24 percent to close at 7,532.90 while the wider All Shares rose by 1.87 percent or 82.92 points to 4,524.25. Tokyo climbed one percent, Sydney rose 1.8 percent, Seoul put on 1.7 percent, Singapore was 2.4 percent higher and Taipei rallied 2.5 percent. In early European trade London jumped 1.5 percent, Frankfurt surged 2.5 percent and Paris gained 2.2 percent. In Manila, all sectoral indices ended in the green led by property, which surged by 2.91 percent.

Source: Manila Times December 03, 2018 16:30 UTC