The Philippine Stock Exchange index (PSEi) jumped by 6.13% or 362.82 points to close at 6,272.88 on Monday, according to BusinessWorld. The rally came after the United States and Iran agreed to sign a peace deal this week to end a near four-month war.
Investors reacted positively to the de-escalation of geopolitical tensions, which had weighed on global markets. The PSEi’s surge brought it back above the 6,200 level, a key psychological support, and marked its biggest one-day gain in months.
Analysts noted that the peace deal could boost investor confidence and encourage foreign buying, though they cautioned that sustained recovery would depend on local economic fundamentals and the resolution of other global risks.