Philippine Shares Rebound on Bargain Hunting; Peso Weakens to P61.35/$1 Amid Global Rate Hike Fears
Philippine shares rebounded on Tuesday, with the main PSEi index rising 1.51%. Meanwhile, the Philippine peso weakened against the US dollar by 22.8 centavos to P61.351:$1, influenced by renewed global concerns over potential further interest rate hikes by the US Federal Reserve.
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