PSEi rebounds above 6,000 on bargain hunting

MANILA, Philippines — Local stocks snapped a four-day losing streak on Tuesday as investors hunted for bargains, while stronger manufacturing data eased concerns about the domestic economy. The benchmark Philippine Stock Exchange Index (PSEi) jumped 2.31 percent, or 137.56 points, to close at 6,093.89, recovering above the 6,000 level after last week’s selloff. READ: Philippine factory