PSEi drops 1% on Friday as US tariffs stoke global economic uncertainty

The Philippine Stock Exchange Index (PSEi) declined further on Friday, April 4, 2025, in response to new tariffs imposed by the United States and concerns over their impact on the global economy.

On that day, the PSEi fell by 1 percent to close at 6,084.19 points despite lower inflation data reported by the government for March 2025.

The Services sector led the decline while Mining and Oil saw the biggest losses of 2.89 percent, reflecting investor caution amid uncertainty over the tariffs' exact details and their negative impact on international trade.

All counters closed in the red territory with decliners outnumbering advancers at 102 to 74, signaling continued market volatility following President Trump's tariff announcement.

Philstocks Financial Research Manager Japhet Tantiangco noted that Philippine shares were sold off as investors digested the implications of the tariffs on global supply chains and economic performance.