PSEi rebounds to 5,700 as bargain hunters return

MANILA, Philippines — Local stocks rebounded Friday as investors bought beaten-down shares. Meanwhile, a pause in the peso’s slide offered some relief to market sentiment. The benchmark Philippine Stock Exchange Index (PSEi) climbed 1.61 percent, or 90.60 points, to close at 5,700.99, partially reversing Thursday’s 2.2-percent decline. READ: Peso sinks to fresh record low of