Philippine stocks may remain under pressure this week as investors await developments in talks between the United States and Iran and weigh growing inflation concerns, according to BusinessWorld .
On Friday, the Philippine Stock Exchange index (PSEi) plunged by 1.55% or 91.18 points to close at 5,768.76, while the broader all shares index declined by 0.81% or 26.98 points. The drop reflected risk aversion amid geopolitical uncertainties and rising inflation expectations.
Market analysts said the continued weakness could persist if no de-escalation emerges from US-Iran tensions and if domestic inflation data continues to point upward. Investors are advised to watch for policy signals from the Bangko Sentral ng Pilipinas.