Philippine stock market declined Tuesday as investors were spooked by US president-elect Donald Trump's latest comments about increasing tariffs on imports from Mexico, Canada, and China. The Philippine Stock Exchange index fell 0.63 percent, closing at 6,806.86. Meanwhile, the peso hit a low of 59 against the US dollar. The broader all-shares index also declined by 0.40 percent. Analysts attributed the decline to Trump’s upcoming policies and the tensions between President Ferdinand Marcos Jr.
and Vice President Sara Duterte, which raised concerns about political stability
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