Philippine shares rebounded on 7 September, following Wall Street's rise, ahead of the US Federal Reserve's policy decision.
Philippine shares rebounded on 7 September, tracking Wall Street's rise as investors awaited the US Federal Reserve's policy decision. The bellwether Philippine Stock Exchange index rose by 0.12% to 6,856.77, while the broader all-shares index climbed by 0.15% to 3,572.10. The rise in the Philippine stock market is partly due to the anticipation of the US Federal Reserve's decision on interest rates, with Asian markets, excluding Sydney, Taipei, Jakarta, and Bangkok, experiencing gains.
March 20, 2024
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