THE stock market hit a two-month high on Tuesday, surging to the 7,700 level as investors cheered positive manufacturing data and the likely announcement today that inflation had started easing.

The Philippine Stock Exchange index (PSEi) added 171.02 points or 2.27 percent to close at 7,703.92, its highest since September 5’s 7,752.77, while the wider All Shares jumped 1.73 percent or 78.26 points to 4,602.51.

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