Philippine shares slipped further on Tuesday as investor sentiment soured on worsening tensions in the Middle East, which have led to higher global oil prices, according to BusinessWorld.
The Philippine Stock Exchange index (PSEi) fell by 0.15% or 9.70 points to close at 6,256.02, while the broader all shares index went down by 0.09% or 3.29 points.
The decline reflects ongoing concerns about geopolitical risks in the Middle East, which have pushed oil prices higher and raised fears of inflationary pressures on the Philippine economy, given its heavy reliance on imported fuel.