Manila Bulletin
PSEi dips again amid Trump tariff concerns, peso weakness
The Philippine Stock Exchange Index (PSEi) declined for the fourth consecutive session, closing at 6,139.51 on Thursday, March 27, 2025, a 0.43 percent drop.
Investor sentiment remains subdued due to ongoing concerns about potential US tariffs under President Trump, with new threats on auto imports impacting global markets.
The peso also weakened against the US dollar, contributing to the market's decline.
Japhet Tantiangco of Philstocks Financial Research noted that the local market resumed its decline amid negative spillovers from Wall Street driven by US President Donald Trump's announced auto-tariffs and the Peso's weakening.
Regina Capital Development Corporation Managing Director Luis Limlingan stated that broader tariffs, expected next week, may be 'more lenient than reciprocal,' potentially easing fears of aggressive trade measures.
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