PH Stocks Slide as Trump’s Global Tariffs Trigger Investor Sell-Off

Philippine stocks continued to fall on Friday as investors reacted negatively to U.S. President Donald Trump’s sweeping new tariffs, which now include Philippine exports.

The Philippine Stock Exchange index (PSEi) dropped 61.54 points or 1%, closing at 6,084.19, while the broader All Shares index declined 0.57% to 3,643.44.

“The market slump reflects investor fears over the global impact of these tariffs—particularly their effect on supply chains and trade,” said Philstocks Financial research head Japhet Tantiangco.

Investor sentiment was further shaken by Trump’s announcement that Philippine goods entering the U.S. would face a 17% import tariff—higher than the U.S. baseline of 10%. However, official documents from the White House list the Philippines’ reciprocal tariff rate at 18%.

Regina Capital’s Luis Limlingan noted that concerns over disrupted global trade led many investors to unload shares.

All sectoral indices ended in the red, with mining and services posting the largest losses at 2.89% and 2.72%, respectively. Market breadth was negative: 102 stocks declined, 74 advanced, and 56 remained unchanged. Trading volume reached 1.72 billion shares, worth ₱11.7 billion.