Stocks gain, peso posts weakest on hawkish Fed stance
MIXED. The main stocks index finishes the week up amid concerns over the growth impact of the Federal Reserve's key rate hike decisions. On the other hand, the peso posted its weakest level to date against the US dollar due to the strengthening of the greenback. (PNA graphics) MANILA - The main stocks index finished the week up amid worries over the hawkish Federal Reserve stance but the peso posted its weakest to date. The Philippine Stock Exchange index (PSEi) rose by 1.58 percent, or 104.37 points, to 6,692.65 points. All Shares followed after it rose by 1.44 percent, or 50.49 points, t...
Source: philippinetimes.com