Philippine stock market drops due to Trump's trade policies

The Philippine stock market weakened further on Tuesday, February 25, due to ongoing geopolitical concerns related to US President Donald Trump's escalating trade policies.

The main index dropped by 0.34 percent or 20.87 points to close at 6,124.09, with the broader All Shares Index declining by 0.36 percent or 13.22 points to 3,655.19.

Regina Capital Development Corporation Managing Director Luis Limlingan noted that investor anxiety grew as Trump threatened a 25-percent tariff on goods from the European Union and confirmed tariffs on Canada and Mexico.

Philstocks Financial Assistant Research Manager Claire Alviar highlighted that the local bourse slipped due to a lack of fresh catalysts and a net outflow of P368.83 million by foreign investors, weighing on overall sentiment.

Volume of trade surged to PHP6.35 billion from Monday's PHP4.97 billion as losers outnumbered gainers 103 to 73 with 61 unchanged.