Phil stocks fall after US tariff announcement

The Philippine stock market continued its decline on Friday following US President Donald Trump's announcement of new reciprocal tariffs, with the PSEi closing at 6,084.19 after a loss of 61.54 points or 1%.

The All Shares index also fell by 20.97 points or 0.57%, ending at 3,643.44.

Philstocks Financial's Japhet Tantiangco noted that concerns over the impact of tariffs on global supply chains and trade led to a sell-off in local markets.

Regina Capital Development Corp.'s Luis Limlingan highlighted worries about the U.S.'s 17% tariff rate on Philippine exports, causing sentiment to weaken.

All sector indices closed in negative territory with mining and services sectors experiencing the most losses at 2.89% and 2.72%, respectively.