Philippine stocks may move sideways this week as investors monitor developments between the United States and Iran, which could bring a fresh wave of volatility to markets after a brief period of relief, according to BusinessWorld.
On Friday, the Philippine Stock Exchange index (PSEi) went down by 0.29% or 18.31 points to close at 6,135.35, while the broader all-shares index slipped 0.23% or 8.32 points to 3,624.28.
Trading this week will likely be influenced by geopolitical developments, with investors eyeing any escalation or de-escalation in US-Iran tensions that could shift market sentiment.