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PSEi sinks below 6,300 amid tariffs, peso travails
The Philippine Stock Exchange Index (PSEi) declined by 1.00 percent to close at 6,459.47 points on Tuesday, July 15, 2025, amid global trade tensions and investor worries over US President Trump's tariff threats.
By Thursday, July 17, 2025, the PSEi further sank below 6,300, closing at 6,295.55, dragged by continued tariff uncertainties and a weakening peso.
The Philippine peso depreciated against the US dollar, closing at 57.29 on Thursday from 56.73 on Tuesday, influenced partly by higher-than-expected June inflation in the United States.
All sectoral indices ended in the red on Tuesday, with Holding Firms experiencing the largest drop of 1.88 percent.
Foreign investors registered net outflows totaling P24.38 million on Thursday.
Top-traded stock DigiPlus Interactive Corp. suffered a significant drop of 29.96 percent on Thursday due to increasing calls for an online gambling ban.
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