PSEi falls below 6,300 amid tariff uncertainties and peso weakness

On Thursday, the Philippine Stock Exchange Index (PSEi) fell below the 6,300 level as investors sold off their stocks amid tariff uncertainties and a weakening peso.

The PSEi dropped by 0.66 percent, or 41.93 points, closing at 6,295.55, while the All Shares Index declined by 0.67 percent to end at 3,723.14.

DigiPlus Interactive Corp., a major gaming stock, experienced its worst single-day decline of 29.96 percent due to concerns over an impending online gambling ban.

Research head Japhet Tantiangco from Philstocks Financial Inc. attributed the market's decline to uncertainties over US tariff policies and the depreciation of the peso against the US dollar.

SM Prime Holdings Inc., International Container Terminal Services Inc., and BDO Unibank Inc. also saw their stocks fall on Thursday.