Renewed hopes to resolve the ongoing trade spat between the United States and China brought the local bourse to its three-day rally on Friday.

The benchmark Philippine Stock Exchange index (PSEi) rose by 1.10 percent or 86.85 points to close at 7,979.66, while the wider All Shares increased by 0.92 percent or 43.71 percent to finish at 4,809.48.

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