Optimism pushes PSEi beyond 6,300-point mark

Investors’ hopeful sentiments that the US government shutdown wouldn’t last resulted in a positive influence toward regional markets, driving back the local benchmark index past the 6,300-point mark.

“The US government shutdown became a reality as Republicans and Democrats stuck to their respective position, but Europeans and US stocks appear to have been numbed by earlier anticipation, and eventually rose overnight. Asian markets are poised to extend Monday’s gains,” Jun Calaycay, Accord Capital Equities Corp. analyst, said.