PHILIPPINE shares surged by more than one percent on Monday and crossed into the 7,300-points territory on optimism from the Bank of Japan’s expanded asset buying program and the robust third quarter earnings results of local firms.

The bellwether Philippine Stock Exchange index (PSEi) surged 97.12 points or 1.35 percent to 7,312.85, while the All Shares advanced 35.83 points or 0.84 percent to 4,286.34.

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