PSEi rallies ahead of Fed interest rate decision


Posted at Oct 30 2019 05:57 PM

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Philippine shares extended gains for a fourth straight session and outperformed the rest of Asia. The main index pierced through the 8,000 resistance level, even as some investors took to the sidelines ahead of the U.S. Federal Reserve's latest policy decision. An analyst chalks up the rally to window dressing but believes it is barely sustainable.