MANILA (AP) - Philippine shares surged Wednesday, boosted by the U.S. Federal Reserve's decision to aggressively cut interest rates and the government's August budget surplus.
The 30-company Philippine Stock Exchange Index rose 73.23 points, or 2.2 percent, to 3,362.98. Gainers outnumbered losers 96 to 23, with 40 stocks ending unchanged.
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