The stock market on Thursday lost the gains it secured the day before after tensions between the United States and China escalated anew over a measure supporting the pro-democracy movement in Hong Kong.

The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.87 percent or 68.23 points to finish at 7,768.66, while the wider All Shares slid by 0.73 percent or 34.05 points to end at 4,650.95.