The Philippine Stock Exchange index whipsawed back above 7,000 on Wednesday as bulls charged into the market, erasing most losses so far this week. | miguelrcamusINQ /PDI
“Markets are expecting a 25 [basis point] bump from the Fed. They will announce [a] decision on Wednesday afternoon, followed by chair Jerome Powell’s comments,” he added.
Philippine Stock Exchange data showed 1.1 billion shares valued at almost P9 billion changing hands while foreign buyers ended with net purchases of P763.97 million.
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