Trade-talk hopes lift stock markethome/Business/Top Business/Trade-talk hopes lift stock marketINVESTORS, hoping the United States and China will ease tensions, kept the stock market afloat for the second consecutive trading day on Friday. The benchmark Philippine Stock Exchange index (PSEi) surged by 1.09 percent or 84.91 points to end at 7,849.94, while the wider All Shares climbed by 1.06 percent or 49.59 points to finish at 4,741.49. “Optimism on the US-China talks amid [US] President [Donald] Trump’s positive remarks and his upcoming meeting with [China] Vice Premier Liu He fueled the rally for the local bourse and its regional peers,” Philstocks Financial Inc. said in a market comment. Without elaborating, Trump told reporters: “I will say I think it’s going really well. On Wall Street, the Dow Jones, S&P 500 and Nasdaq increased by 0.57 percent, 0.64 percent and 0.60 percent, respectively.

Source: Manila Times October 11, 2019 18:00 UTC