Philippine stock market closes lower due to US tariff concerns

The Philippine stock market ended the week in negative territory due to losses in US markets over concerns related to President Trump's tariff policies.

The main index fell by 56.38 points, or 0.89 percent, closing at 6,266.75 with property firms and conglomerates leading the decline.

Despite overall market weakness, industrial stocks managed to remain stable while trading volume increased to 1.58 billion shares worth ₱11.77 billion.

Regina Capital Development Corporation Managing Director Luis Limlingan attributed the downturn to economic uncertainty and FTSE rebalancing effects.

Limlingan also highlighted that the Federal Reserve maintained interest rates but projected two rate cuts in 2025, citing tariffs as a risk to growth.