Philippine shares rise 1.68% to 6,462.25

Philippine shares rose significantly on Wednesday, rallying back to the 6,400 mark as investors followed buoyant US markets and awaited updates from bilateral talks between the Philippines and the United States.

The Philippine Stock Exchange index (PSEi) climbed by 1.68 percent or 106.56 points to close at 6,462.25, while the All Shares Index advanced by 1.33 percent or 50.15 points to end at 3,807.35.

Despite concerns over a higher US tariff on Philippine goods announced by President Donald Trump, which was still higher than previous rates, the market remained resilient due to equal footing with ASEAN peers and minimal impact on services-driven sectors.

Finance Secretary Ralph G. Recto's signals of potential 50-basis-point rate cuts for the rest of 2025 contributed to the slight uptick in stock prices observed earlier this week, continuing a positive trend.

Investors will continue to monitor President Ferdinand R. Marcos Jr.'s State of the Nation Address on July 28 and corporate earnings reports as the second quarter earnings season begins.