PSEi and Peso Decline as US Tariff Rate Implementation Looms
Manila: Worries about the impact of higher tariffs on Philippine exports continue to affect investors’ sentiment, as seen in the local bourse’s performance on Wednesday, with the main index dropping and the peso sustaining its depreciation. According to Philippines News Agency, the Philippine Stock Exchange index (PSEi) fell by 0.11 percent to 6,318.23 points, while the All Shares index decreased by 0.09 percent to 3,776.59 points. Most sectoral indices followed this downward trend, with Financials down by 0.59 percent, Holding Firms by 0.33 percent, Mining and Oil by 0.13 percent, and Services by 0.11 percent. The trading volume totaled 799.99