The Philippine Stock Exchange Index (PSEi) fell on Thursday, extending a multi-day downturn as investors reacted to weak performance on Wall Street and escalating geopolitical tensions in the Middle East.
Despite renewed foreign buying interest, the positive flows were insufficient to counteract the broader risk-off sentiment driving local markets lower.
The decline marks the third consecutive session of losses for the benchmark index.
The PSEi had already breached the critical 6,100 support level on Monday, signaling deteriorating investor confidence.
On Tuesday, profit-taking further weighed on prices as traders adopted a cautious stance amid unresolved geopolitical risks.
The current session’s weakness suggests that external headwinds continue to dominate local market dynamics, with limited domestic support to stabilize the index.