On Thursday, the Philippine Stock Exchange Index (PSEi) experienced a significant decline of 1.73%, closing at 5,859.94 points. This downturn was largely attributed to escalating tensions between the US and Iran, which have heightened investor concerns regarding prolonged geopolitical instability and its implications for global energy markets. Brokerage Philstocks Financial Inc. noted that the latest military exchanges between the two nations have dampened hopes for a peace deal. Rising oil prices have further pressured the market, prompting broad-based selling across various sectors. Luis Limlingan, head of sales at Regina Capital Development Corp., highlighted that investors remain cautious due to fears of inflationary risks stemming from these geopolitical tensions. The total net value turnover for the market was recorded at P4.76 billion, indicating subdued trading activity. Additionally, foreign investors continued to withdraw funds from local equities, resulting in net outflows of P517.08 million. Among the stocks, GT Capital Holdings Inc. was the top gainer, while DigiPlus Interactive Corp. faced the steepest decline, falling 6.46%.