The Philippine Stock Exchange Index (PSEi) fell on Tuesday, extending a multi-day downturn as investors remained cautious amid escalating geopolitical tensions in the Middle East.
Market participants stayed on the sidelines, weighing the external risks against domestic macroeconomic uncertainty ahead of a key data release.
The decline marks a continuation of the selling pressure that has plagued the index in recent sessions.
The PSEi previously breached the 6,100 support level on Monday, signaling deteriorating sentiment.
Weak performance on Wall Street has also contributed to the broader risk-off environment, dragging down emerging market equities including the Philippines.
Investor caution is further amplified by the upcoming release of the Philippines' July inflation data.