Local stocks rebound as US-China trade tensions ease

Local stocks rebounded on Friday as US President Trump's signals towards easing China tariffs improved investor sentiment, with the benchmark Philippines Stock Exchange index (PSEi) closing at 6,268.75 points.

The broader All Shares index also climbed by 1.02 percent to settle at 3,695.69, reflecting an improvement in market confidence.

Sectoral gauges were largely positive, with property and services indices recording the steepest gains of 1.83 percent and 1.5 percent respectively, while mining and oil dipped by 0.72 percent.

BDO Unibank Inc., Universal Robina Corp., Ayala Land Inc., Bloomberry Resorts Corp., SM Investments Corp., and International Container Terminal Services Inc. were among the most actively traded stocks with significant price increases.