Philippine financial markets are expected to remain fragile this week, with investors bracing for continued volatility as risk aversion dominates sentiment and the benchmark index struggles to regain footing above key levels.
The Philippine Stock Exchange index (PSEi) slid 1.3 percent to 6,384.58, extending profit-taking for a second session after touching seven- to nine-month highs. Even so, the benchmark remains comfortably above the 6,000 mark, keeping the broader uptrend intact and suggesting the pullback is more consolidation than reversal.
Philippine equities held their footing above the 6,000 level as caution continued to dominate trading, with analysts balancing global headwinds against pockets of domestic resilience.
Philippine equities continue to show underlying strength despite the PSEi’s recent mild pullback, which analysts view as a natural bout of profit-taking after a sharp advance.
The benchmark Philippine Stock Exchange index (PSEi) could hit 7,800 points within the year as most of its 30-members have forecast earnings exceeding pre-pandemic levels.
Japanese Ambassador Endo Kazuya joined diplomats, government officials, and maritime experts yesterday to mark a decade since a landmark legal ruling on the South China Sea.
Ambassador Endo attended the special symposium on July 10, which was hosted by the Stratbase ADR Institute for Strategic and International Studies. The event allowed leaders and analysts to discuss the current state of regional waters exactly ten years after an international tribunal issued its decision in the case between the Philippines and China.
When Hidilyn Diaz won the Philippines' first Olympic gold medal in Tokyo in 2021, most of the country's newest weightlifting sensations were still in grade school, some not even teenagers. Five years later, they are no longer just watching their hero. They are following her footsteps, one lift at a time.