Philstar
Stocks tumble anew on lack of fresh leads
The Philippine Stock Exchange index (PSEi) extended its losing streak to five days, closing at 6,082.93 points, a 0.75% decrease.
Market participants continue to search for fresh leads amid uncertainties in the macroeconomic environment, including new trade uncertainties from a legal ruling in the US.
Renewed concerns over inflation and political developments across ASEAN markets, such as Indonesian protests and Thailand prime minister issues, are weighing on investor sentiment.
Analysts suggest that forecasts of increased inflation this month, influenced by recent typhoons, are contributing to negative market sentiment.
The mining and oil sector saw a significant gain in the previous report, but the market is currently experiencing sustained selling pressure.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Philippine Stock Exchange Index (PSEi) declined by 0.18% to close at 6,128.89 points on Tuesday, influenced by persistent inflation worries and uncertainty surrounding potential monetary policy easing.
Read more →
Philippine stocks rebounded on Tuesday, with the PSEi closing 0.34 percent higher at 6,122.71, as bargain hunters bought shares after a previous day's sell-off.
Read more →