PH stocks slide, peso rebounds

Philippine stocks continued to slide even as Wall Street’s extended its rally as investors try to ascertain US President Donald Trump’s policies.

Converge ICT Solutions Inc. was the top index gainer, jumping 4.71 percent to P16.00, while SM Investments Corp. was the main index laggard, falling 2.55 percent to P916. There are worries that the Republican’s policies could stoke inflation again, dealing a blow to the Fed’s long-running battle against prices. With AFP

“Although uncertainty abounds, the Fed’s year-end 2025 forecast for a Fed funds rate of 3.5 percent is still a useful starting point for where this cycle is going.”

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