Philippine stocks fall 2.42% on US tariff worries

The Philippine stock market fell on Tuesday, March 11, after six days of gains due to investor concerns over President Trump's tariff policies.

The main index dropped by 154.22 points or 2.42 percent, closing at 6,206.55 with property stocks leading the decline.

Volume increased to 753 million shares worth P7.71 billion as more than twice as many stocks fell compared to those that rose.

Regina Capital Development Corporation's Luis Limlingan stated that investor anxiety over global economic uncertainty caused by US tariff policies led to a sell-off.

Philstocks Financial Research Manager Japhet Tantiangco noted that the local market’s six-day rally was halted due to negative impacts from Wall Street and fears of a US recession triggered by tariffs.

Additionally, investors were concerned about a significant year-on-year drop in foreign direct investment net inflows into the Philippines in December 2024.