PSEi dips due to higher oil prices, US tariffs
The Philippine Stock Exchange index (PSEi) fell slightly on July 24 due to rising global oil prices and new US tariffs on Philippine goods. Investors remain cautious as the country faces potential inflation risks and increased labor costs.
Why it matters
The market decline reflects broader economic anxieties regarding trade policy, energy costs, and domestic wage inflation in emerging markets.
The Philippine Stock Exchange index (PSEi) dipped on Friday, July 24, as share prices fell amid concerns over rising oil prices and the higher tariff the United States (US) slapped on Philippine goods.
The main index shed 2.11 points, or 0.03 percent, to close at 6,281.01. Sectoral indices were evenly divided.
Trading volume remained thin at 597 million shares worth ₱5.73 billion. Losers outnumbered gainers—90 to 81, while 69 issues were unchanged.
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