Philippine stocks might remain under pressure this week as investors stay cautious over geopolitical tensions and their spillover on inflation. The main index is expected to retest key support levels.

For this week, support is seen at the 6,000 level, which may be tested anew. Resistance is pegged at 6,150.

The Philippine Stock Exchange Index (PSEi) slipped to 6,018.62 last week, down 0.67 percent. This, as risk aversion intensified due to escalating Middle East conflict and a hawkish pause by the US Federal Reserve, according to 2TradeAsia.