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Manila Bulletin devider Business devider The Stock Market devider PSEi fell as Trump's tariffs implemented soon

PSEi fell as Trump's tariffs implemented soon

Published Mar 24, 2025 08:28 am

The PSEi fell at the close of a trading day shortened by almost two hours due to technical issues, as investor confidence continues to be buffeted by politico-economic issues overseas.

The main index dropped 74.73 points, or 1.19 percent, to close at 6,192.02, with the retreat across the board led by the services sector. Volume declined to 630 million shares worth ₱4.63 billion, as losers trounced gainers—123 to 61, with 50 unchanged.

“Philippine shares slid once again after a late opening to trading with the index falling below the 6,200 marker once again,” said Regina Capital Development Corp. Managing Director Luis Limlingan.

He added that, “This week the focus will be on the Fed’s preferred inflation gauge, offering key insights into the central bank’s policy direction. Other notable releases include reports on manufacturing and services sector activity, consumer confidence, and the final reading of 4Q GDP.

“Back home, the latest balance of trade data is scheduled for release on March 28.”

Philstocks Financial said, “The local market extended its drop as investors worried over the US government's planned reciprocal tariffs on April 2 and its consequences on the global economy.”

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Regina Capital Development Corporation Luis Limlingan Philippine Stock Exchange index (PSEi) Philstocks Financial
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