August 27, 2025 | 12:00am
MANILA, Philippines — Native shares took a heavy beating on its return from a vacation break, weighed down by destructive sentiment following the Unites States’ newest tariff threats.
The benchmark Philippine Inventory Alternate index opened the week in destructive territory, plummeting by 2.17 % or 136.34 factors to finish the session at 6,145.24.
The broader All Shares index additionally plunged by 1.42 % or 53.03 factors to shut at 3,684.55.
“US President Donald Trump warned of serious tariffs towards China if the nation wouldn’t export rare-earth magnets to the US. Trump additionally warned of extra tariffs to nations who wouldn’t take away taxes and different measures on digital companies,” Philstocks Monetary analysis supervisor Japhet Tantiangco stated.
AP Securities Inc. stated the index breached its key help at 6,250 as overseas promoting put stress on inventory costs.
Buyers are carefully watching the end result of the coverage conferences of the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve.
“Buyers have been totally on the defensive forward of the BSP’s Financial Board assembly on Thursday, whereas Trump steps up his assaults on the US Federal Reserve,” AP Securities stated.
Buying and selling kicked off the week robust with complete worth turnover amounting to P14.32 billion.
Sectoral gauges have been dominated by these within the crimson, led by companies, which nosedived by 5.47 %, adopted by financials with a 3.03-percent drop.
Mining and oil was the one vibrant spot, rising by 1.05 %.
Decliners battered advancers, 112 to 81, whereas 64 points have been unchanged.
BDO Unibank was the session’s high traded inventory, dropping by 7.99 % to P131.20 per share, adopted by ICTSI with a by 7.47-percent plunge to P453.20.
