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MANILA, Philippines — Local stocks rebounded on Wednesday as investors snapped up bargains, ending a five-day losing streak and pushing the main index past 5,900.
The benchmark Philippine Stock Exchange Index (PSEi) rose 0.7 percent or 41.10 points to close at 5,907.89.
This was even as the peso slid to a new low against the US dollar while global crude prices retested recent highs.
READ: Uncharted territory: Peso closes at new record low
