Manila: Investors continue to digest United States President Donald Trump's new tariffs, influencing local shares' downward movement during Tuesday's trading while the Philippine peso nearly weakened. The Philippine Stock Exchange index (PSEi) fell below the 6,000 mark anew, declining by 0.82 percent to 5,987.75, with All Shares slipping by 0.28 percent to 3,607.03 points.

According to Philippines News Agency, only the Financials counter closed in green territory, rising 1.26 percent to 2,243.30. All other indices finished in the red, with the biggest losses coming from the Property counter, down by 2.81 percent, followed by Services, down by 2.23 percent; Industrial, down by 0.93 percent; Mining and Oil, down by 0.06 percent; and Holding Firms, down by 0.03 percent.

Philstock Financials assistant manager for research and online engagement Claire Alviar noted the impact of Trump's new tariffs while awaiting other catalysts. Moreover, investors were looking ahead to the Bangko Sentral ng Pilipinas' meeting this week. Decliners led advancers at 106 to 78, leaving 55 counters unchanged.

Meanwhile, the peso shed 0.09 to 58.19 from 58.10 against the US dollar. It opened trading at 58.17 to the dollar before trading between 58.12 and 58.25. The day's average stood at 58.19 to the greenback. Trade volume was steady at USD1.2 billion.