The benchmark Philippine Stock Exchange index fell by 2.4 percent week on week on Friday, closing at 6,613.85, and was down a steeper 7.4 percent for the month as US President-elect Donald Trump doubled down on campaign promises to raise tariffs on all imports.The PSEi, which opened higher last week, reversed to a four-day decline after Trump declared that he would immediately raise tariffs on goods from Canada, Mexico and China.Rizal Commercial Banking Corp.
Investors will also be waiting for the release of November inflation data on Thursday, which could provide clues as to where the Bangko Sentral ng Pilipinas' policy rate is headed.The BSP will hold its last policy meeting for the year on Dec. 16 while the US central bank will also do so on Dec. 17 to 18.