PHILIPPINE shares skidded for the third day on Friday on fears of a renewed trade war between the United States and China, with China markets falling into bear territory.

As of the noon break, the bellwether Philippine Stock Exchange index (PSEi) dropped 1.13 percent or 86.06 points to 7,552.65 while the broader All Shares declined 0.62 percent or 28.71 points to 4,632.95.