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PHL stocks end lower on tariff news, profit taking

10 July 2025
in Business
Reading Time: 2 mins read
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PHL stocks end lower on tariff news, profit taking
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PHILIPPINE SHARES snapped their three-day climb on Thursday as the main index fell to the 6,400 level anew after the United States announced that it plans to impose a 20% “reciprocal” tariff on imports of Philippine goods starting Aug. 1.

The Philippine Stock Exchange index (PSEi) dropped by 0.63% or 41.14 points to close at 6,463.20, while the broader all shares index went down by 0.13% or 5.16 points to 3,812.46.

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