Philippine shares retreated on Tuesday, with the Philippine Stock Exchange index (PSEi) dropping by 1.56% or 96.24 points to close at 6,037.17, while the broader all shares index fell by 1% or 33.67 points, according to BusinessWorld.
Investors pocketed profits and adopted a cautious stance amid persistent geopolitical uncertainty surrounding US-Iran talks and a lack of fresh trading drivers.
The decline reflects market jitters as traders await clearer signals from ongoing diplomatic negotiations before re-entering the market.