MANILA, Philippines (AP) - Philippine stocks bounced back Tuesday, aided by generally positive market reaction to the appointment of a seasoned banker and lawmaker as the new finance secretary, traders said.
The benchmark 30-company Philippine Stock Exchange Index added 16.16 points, or 0.9 percent, to 1,868.94 after a 1.3 percent loss Monday, triggered by downgrades of the country's credit rating outlook.
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