Philippine stocks rise on economic recovery hopes

Philippine stocks continued to rise on Wednesday as investors remained optimistic about the country's economic recovery.

The benchmark PSEi climbed 3.65% to close at 6,245.65, while the broader All Shares index gained 3% to end at 3,658.31.

Investors are hopeful that easing quarantine restrictions will continue and the economy may return to growth.

The market's gains were influenced by the reopening of various sectors in Metro Manila and optimism over global economic recovery.