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Philippine shares slump on Trump tariff turmoil

7 April 2025
in Business
Reading Time: 5 mins read
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Philippine shares slump on Trump tariff turmoil
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By Revin Mikhael D. Ochave, Reporter

THE Philippine Stock Exchange (PSE) plummeted over 4% to a 30-month low on Monday amid a global sell-off as US President Donald J. Trump doubled down on his aggressive tariff plan.

This comes as Cebu-based fuel retailer Top Line Business Development Corp. (Topline) is set to make its stock market debut on Tuesday. This is the first initial public offering (IPO) at the PSE this year.

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