Philippine Shares Slip on Q4 GDP Miss, Indonesian Rupiah Falls on Tariff Fears

STOCK MARKET - JAKARTA. Philippine shares hit a 14-month low on Thursday after the country's quarterly economic growth missed estimates, while the Indonesian rupiah weakened as Federal Reserve's rate policies and U.S. tariff threats kept investors cautious.

Stocks in Manila fell 0.3% to their lowest levels since mid-November 2023. Data showed that the Philippine economy grew 5.2% in the fourth quarter, below expectations.