MANILA, Philippines – Philippine stocks slid sharply on Monday as escalating conflict between the US and Iran further dampened investor appetite. The Philippine Stock Exchange Index (PSEi)  closed at 5,899.18, down 1.98 percent or 119.44 points, as geopolitical uncertainties surrounding the Strait of Hormuz weighed heavily on market sentiment.  READ: Oil prices up following Trump ultimatum on Iran The decline marked a return to the 5,800 territory, one of its lowest levels in more than three months, or since Dec. 4, 2025, when it closed at 5,887.58. Philstocks financial research manager Japhet Tantiangco said trading remained active, with total value […]... Keep on reading: PSEi slumps to 5,800 level on Middle East jitters