Tariff Concerns Lead to Decline in Philippine Stocks and Currency
Manila: Investors’ concerns over the United States’ tariff policies have resulted in a decline in both the Philippine Stock Exchange index (PSEi) and the Philippine peso on Tuesday. According to Philippines News Agency, all indices in the local bourse ended in the red, with the main index down by 1 percent to 6,459.47 points, and the broader All Shares index decreased by 0.65 percent to 3,807.27 points. The Holding Firms sector led the declines among sectoral counters, dropping by 1.88 percent. It was followed by the Property sector, which fell by 1.71 percent; Mining and Oil, 0.97 percent; Services, 0.71