Quotes
The market experienced strong net foreign outflows ... amounting to P3.24 billion, contributing to the decline,
Tantiangco said
Philippine shares were heavily sold as the escalation of the tariffs rattled markets across the globe."
Managing Director Luis Limlingan, for his part, saidMany are now looking as to whether other countries will continue to retaliate in a back and forth increase,
he addedTariff hikes under the reciprocal tariff plan ... take effect Wednesday,
he notedThis comes as China retaliates against the US' trade policies with a 34 percent tariff rate on all of the latter's products,
he addedCountries from all over the World are talking to us. Tough but fair parameters are being set. Spoke to the Japanese Prime Minister this morning. He is sending a top team to negotiate! They have treated the U.S. very poorly on Trade. They don't take our cars, but we take MILLIONS of theirs. Likewise Agriculture, and many other 'things.' It all has to change, but especially with CHINA!!!"
Trump on Truth Social Monday
The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession. And even with the recent decline in market values, prices remain relatively high. These significant and somewhat unprecedented forces cause us to remain very cautious."
Jamie Dimon, CEO of JPMorganChase, in his annual letter released MondayWe expect the market fallout from the tariffs to continue this week,
said Win Thin of Brown Brothers Harriman
We’re seeing a proper capitulation in the share market,
said Jun Bei Liu, founder of hedge fund Ten Cap PtyTraders are nervously watching the two biggest economies going toe to toe on tariffs and are fearing that both could receive knockout blows from a prolonged economic fight,
wrote Tim Waterer, chief market analyst at KCM Trade in SydneyTrump put, Fed put and Xi put have all gone missing at once,
said Charu Chanana, Chief Investment Strategist at Saxo MarketsForget markets for a second — we have all the advantages,
Trump saidWhether or not the menu of tariffs causes a recession remains in question, but it will slow down growth,
Dimon said, concludingDon't be Weak! Don't be Stupid!... Be Strong, Courageous, and Patient, and GREATNESS will be the result!"
On Monday, Trump told Americans
Asia is likely to feel a disproportionate brunt of this turmoil because Asia sends more exports to the US than to other markets,
said Frank Lavin, former undersecretary for international trade at the US Department of Commerce
Asia is bearing the brunt of the US tariff hike. While there could be some room for negotiation, a new regime of higher tariffs is here to stay,
Qian Wang, Asia Pacific chief economist at investment firm VanguardTariffs are feeding into expectations around inflation and a recession,
said Julia Lee, head of client coverage at FTSE Russell, a subsidiary of the London Stock Exchange GroupSometimes you have to take medicine to fix something,
he said of the ructions that have wiped trillions of dollars off company valuations
The carnage in global equity markets has continued,
noted Thomas Mathews, Asia Pacific head of markets at Capital Economics
We must not exclude any option on goods, on services,
said French Trade Minister Laurent Saint-Martin