Philippine Stock Market Drops Amid Trump's Comments on Imports

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

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Peso slightly higher; stock market gains on inflation newsTHE peso edged up on Tuesday and the stock market surged in the absence of an October inflation surprise.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Bargain-hunting could help buoy stock marketTHE stock market could see some lift from bargain-hunting this week, analysts said, but further declines cannot be ruled out given the peso's continued weakness and bearish investor sentiment.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Peso hits over 2-year low; stock market extends rallyTHE peso hit an over two-year low on Wednesday, weakening by 10 centavos to end the day at P58.91 against the dollar.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

PruLife’s Islamic insurance to enter Philippine market by early 2025While the license for PruLife UK's products has already been approved by the Insurance Commission, specific details on the products they are planning to offer have yet to be fleshed out
Source: rapplerdotcom - 🏆 4. / 86 Read more »