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PSEi ends lower as investors digest US-Philippines tariff deal
The Philippine Stock Exchange index (PSEi) closed lower on Thursday, shedding 0.28 percent to 6,444.16, ending its three-day upswing.
The market's digestion of the latest Philippine-United States tariff agreement, which is not yet finished according to the Philippine government, has caused investor wariness.
Investors are also cautious about global trade developments that could impact the Philippine market.
Despite the local market's performance, Wall Street indices like the S&P 500, Dow Jones, and Nasdaq were climbing, fueled by a trade agreement with Japan and positive corporate earnings.
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