Manila, April 4 -- The Philippine Stock Exchange index (PSEi) and other Asian peers dropped shares on Friday, a day after the United States announced a worldwide reciprocal tariffs.

The bellwether PSEi declined by 1 percent to 6,084.19 points, despite the government reported lower inflation data in March 2025.

Philstocks Financial research manager Japhet Tantiangco said investors continued to digest Trump's announcement and how these reciprocal tariffs would affect the global economy.

"Worries over the impact of the tariffs on global supply chain, international trade, and overall global economic performance caused investors to sell positions," Tantiangco said.

All Shares also declined by 0.57 percent to 3,643.44 points.

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