Philippine stock market and currency strengthen after Trump-UK trade deal

The Philippine stock market and currency closed stronger on the last trading day of the week, with the PSEi index gaining 1.08 percent to end at 6,458.20 points and All Shares rising by 0.60 percent to 3,762.85.

Regina Capital Development Corp.'s Luis Limlingan noted that gains were driven by President Donald Trump's unveiling of a trade deal framework with the UK, signaling potential higher tariffs for other nations with large trade surpluses.

Except for Mining and Oil, which declined by 1.55 percent, all Sectors closed in positive territory, led by Holding Firms with a 2.75 percent increase.

Trade volume decreased to USD1.64 billion from USD1.70 billion on Thursday, while the Philippine peso strengthened to 55.51 against the US dollar.