The stock market fell for a second day on Wednesday with analysts pointing to fears of higher inflation due to Typhoon Ompong’s impact, a weaker peso and the escalating US-China trade war.

The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.89 percent or 65.11 points to close at 7,221.23 while the wider All Shares lost 0.76 percent or 34.00 points to finish at 4,454.71.