PSEi Dips on Geopolitical Jitters, Inflation Fears Weigh on Market
The Philippine stock market declined on Thursday, driven by concerns over rising oil prices and their potential impact on inflation and interest rates amid escalating Middle East tensions. The benchmark PSEi closed 0.53% lower.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Fitch Warns of Lower Profitability for Philippine Banks Amid Inflation and Geopolitical Risks
Fitch Ratings has downgraded its sector outlook for Philippine banks to 'deteriorating' from 'neutral,' citing elevated inflation and geopolitical risks that are expected to lead to slower loan growth, higher credit costs, and reduced profitability.
- FDI Net Inflows Dip in March Amid Geopolitical Tensions
Foreign direct investment (FDI) net inflows into the Philippines dropped to a two-month low in March. Rising geopolitical risks, including tensions in the Middle East, are clouding the global economic outlook and signaling slower capital flows.
- Oil Surges Amid Geopolitical Tensions, Casting Shadow on Philippine Economy
Soaring oil prices due to escalating Iran-US military clashes raise concerns of increased inflation and a negative impact on investor sentiment in the Philippines. Amidst rising global market uncertainty, the Philippines must closely monitor energy price trends given its high import dependency.
- Philippine Finance Faces AI Risks as Global Watchdog Urges Tighter Controls
The Philippines' financial sector may also face increased risks due to the rapid adoption of AI technologies globally. The Financial Stability Board (FSB) has called for enhanced regulations worldwide, citing the expansion of autonomous AI as a potential source of unforeseen financial system risks.