Philippine Stocks Sink

2025-11-05 04:45 By Joshua Ferrer 1 min. read

The Philippine Stock Exchange Index dropped 1.5% on Wednesday, hitting its lowest level since late September 2022, dragged by domestic growth concerns ahead of Q3 GDP data and a broader market sell-off.

Economists noted that the Philippine economy likely grew slightly slower in Q3, citing weather disruptions and flood control corruption as dampening factors.

Global sentiment also turned cautious following steep losses in US tech shares and renewed valuation warnings from major Wall Street bank executives, stoking concerns of a potential market correction.

Meanwhile, latest data showed that inflation held steady at 1.7% in October, below forecasts of 1.8% and remaining under the central bank’s 2%–4% target range, reinforcing bets for another rate cut in December.

Among index heavyweights, SM Investments (-1.7%), SM Prime Holdings (-2.9%), Bank of the Philippine Islands (-2.5%), and Ayala Land (-2.0%) led the declines.



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