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THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
economy-ss-8
Inflation Update: Weak demand softens shocks
July 4, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
June 30, 2025 DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
June 25, 2025 DOWNLOAD
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BusinessWorld 3 MIN READ

Philippine stocks end lower on tariff news, profit taking

July 11, 2025By BusinessWorld
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Philippine shares snapped their three-day climb on Thursday as the main index fell to the 6,400 level anew after the United States announced that it plans to impose a 20% “reciprocal” tariff on imports of Philippine goods starting Aug. 1.

The Philippine Stock Exchange index (PSEi) dropped by 0.63% or 41.14 points to close at 6,463.20, while the broader all shares index went down by 0.13% or 5.16 points to 3,812.46.

“The market is toppish because it’s above the 6,500 level and so profit taking is understandable, using as an excuse to sell the news on higher 20% tariff rate slapped on the Philippines by the US,” First Metro Investment Corp. Head of Research Cristina S. Ulang said in a Viber message. The PSEi closed at the 6,500 level for the first time in nearly two months on Wednesday.

“The local market’s sideways movement ended in the negative territory, reflecting investors’ reaction towards the US’ upward revision of its tariffs on Philippine exports from 17% to 20% effective on Aug. 1,” Philstocks Financial Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message.

The Philippines is concerned about the United States’ decision to impose 20% tariffs on Philippine exports but will continue to negotiate, its economic affairs minister said on Thursday, Reuters reported.

Secretary Frederick D. Go, the special assistant to the President for investment and economic affairs, told reporters that the Philippines remains committed to talking with the United States in pursuit of a bilateral deal, such as a free trade agreement (FTA).

“We remain committed to continuing negotiations with the US in good faith to pursue a bilateral, comprehensive, economic agreement, or if possible an FTA,” Mr. Go told a media briefing.

Philippine officials are scheduled to travel next week for talks with their US counterparts before the tariff rate takes effect on Aug. 1.

Majority of sectoral indices closed lower on Thursday. Financials went down by 1.1% or 24.83 points to 2,223.71; industrials dropped by 0.79% or 73.45 points to 9,142.09; holding firms sank by 0.75% or 42.84 points to 5,648.7; and property retreated by 0.3% or 7.60 points to 2,472.65.

Meanwhile, mining and oil increased by 2.42% or 222.92 points to 9,417.70 and services rose by 1.17% or 25.68 points to 2,209.57.

“Monde Nissin Corp. was the top index gainer for the day, climbing 3.89% to PHP 7.75. Ayala Land, Inc. was the worst index performer, dropping 3.36% to PHP 27.35,” Mr. Tantiangco said.

Value turnover climbed to PHP 9.45 billion on Thursday with 1.40 billion shares traded from the PHP 7.79 billion with 1.41 billion issues exchanged on Wednesday.

Advancers bested decliners, 107 versus 85, while 55 names were unchanged.

Net foreign selling climbed to PHP 580.67 million on Thursday from PHP 220.66 million on Wednesday. — Revin Mikhael D. Ochave with Reuters

This article originally appeared on bworldonline.com

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