As United States (US) President Donald Trump’s tariffs will continue to weigh down global equities markets this week, the Philippine Stock Exchange will not be an exception, although traders are hoping that low valuations and a possible rate cut by the Bangko Sentral ng Pilipinas (BSP) will spur some bargain-hunting.
“With already four straight weeks of decline, the market is drawn to more attractive levels from a fundamental standpoint. Hence, we may see bargain-hunting in [this] week’s trading,” said Philstocks Financial Research Manager Japhet Tantiangco.
He added that, “Expectations that the BSP will cut policy rates…