Phlippine Stocks Hit Over 1-Year High

EthereumCraftsman · 2026-02-25T04:05:18+00:00

The PSEi increased 0.8% to 6,600, its highest since January 2025, driven by strong earnings and investor shifts from US assets due to trade uncertainty. Key stocks like ICTSI and Manila Electric Co. led gains, while the peso strengthened to around 57.6 per dollar.

EthereumCraftsman

2026-02-25 04:05:18

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The Philippine Stock Exchange Index (PSEi) rose 0.8% to 6,600 on Wednesday, marking its fourth straight gain and the highest level since January 2025, mainly driven by strong investor appetite amid corporate earnings reports. Heavyweight stocks led the index, with International Container Terminal Services climbing 3.3%, Manila Electric Co. gaining 1.9%, BPI adding 1.5%, and SM Prime Holdings rising 2.1%. The PSEi was also supported by investors moving away from US assets amid trade-policy uncertainty. Although President Trump announced a 10%–15% global tariff, official documents show rates remain at 10%, with the White House working to implement the increase but without a set timeline. Meanwhile, the Philippine peso rose to around 57.6 per dollar, hovering near its highest level since September 2025, supported by a weaker greenback amid uncertainty over US tariffs and fiscal policies, and further influenced by investor caution on US President Donald Trump’s State of the Union address.

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