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Looming Trump victory rattles Phl investors

November 07, 2024

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The Philippine Star

Investors have sent a clear message of wariness about the impact of a second Trump presidency, going on a selloff spree on the evening of the elections in the US.

- ELIJAH FELICE ROSALES

The bellwether Philippine Stock Exchange index (PSEi) yesterday gave up 1.27 percent, or 92.52 points, to close at 7,165.42, as investors were concerned by the return of Donald Trump as US president.

The broader All Shares index also dropped by 0.59 percent, or 23.54 points, to land at 3,969.97, as the PSEi was all red, with every industry down.

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