THE stock market surged to the 7,900 level on Wednesday, hitting a near nine-month high, as investor optimism rose on news that trade talks between the United States and China were going well.

The benchmark Philippine Stock Exchange index (PSEi) jumped by 2.83 percent or 217.55 points to close at 7,919.67, its highest finish since April 12, 2018’s 8,043.07. The wider All Shares rose 2.02 percent or 93.80 points to end at 4,727.97.

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