Country: PH | Published: 2026-09-17
Philippine stocks bounced back as bargain hunting kicked in after a two-day slide, though the Fed's rate hike narrowed the gap with BSP policy rates, keeping pressure on the peso a
Philippine stocks bounced back as bargain hunting kicked in after a two-day slide, though the Fed's rate hike narrowed the gap with BSP policy rates, keeping pressure on the peso and local policy choices. The government released most of the 2026 budget and is floating a higher sugary drinks tax, while regional headwinds from a strong dollar and rising oil prices weigh on emerging Asian currencies. Attention now turns to how the BSP responds and whether the bargain-driven rebound can hold.