Share prices dropped on news of US President Donald Trump’s announcement of tariffs on steel and aluminum imports but the market managed to claw back almost all its losses at the end of the day.

Following a 1.07-percent drop at the noon break, the bellwether Philippine Stock Exchange index (PSEi) pared the decline to just 0.09 percent at the closing bell, losing just 7.20 points to 8,458.57.

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