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× US economic rescue deal met with enthusiasm; PSEi also up

The local stock barometer rallied past the 5,000 mark on Wednesday as global investors cheered a forthcoming $2-trillion US stimulus package in response to the COVID-19 pandemic.

The main-share Philippine Stock Exchange index (PSEi) racked up 253.49 points, or 5.31 percent, to close at 5,027.76, tracking the upswing across regional markets.

Investors took their cue from the overnight resurgence…

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