Philippine shares climb after Fed rate cut

Philippine stocks rallied on Thursday following the US Federal Reserve's emergency rate cut and lower inflation figures.

The PSEi gained 0.26% to close at 6,884.77 points, with broader All Shares increasing by 0.14% to 4,094.87 points.

Regina Capital’s Luis Limlingan attributed the rally to the Fed's rate cut and positive economic data, noting February inflation came in at 2.6%, lower than expected.