Country: PH | Published: 2026-09-17
Philippine stocks continued to retreat, with analysts pointing to investors positioning for the upcoming GCash IPO as a key driver of the pullback. The peso strengthened ahead of t
Philippine stocks continued to retreat, with analysts pointing to investors positioning for the upcoming GCash IPO as a key driver of the pullback. The peso strengthened ahead of the US Fed's policy decision, while the BSP's own rate move remains in focus, and the government released most of the 2026 budget, though it canceled a planned five-year bond offering. Attention now sits on whether local policy and the Fed's outcome can steady sentiment after the recent slide.