Philippine share prices are expected to trade sideways with a soft bias this week as investors weigh the impact of corruption scandals, a weakening peso and fresh global headwinds. Philstocks Financial research manager Japhet Tantiangco said the market remains on a downward trend after the PSEi slipped 3.79 percent last week to 6,027.12 points from 6,264.49 the week earlier. “The local market is still moving with a bearish bias, forming a new lower low and even visiting the below-6,000 territory last week,” Tantiangco said. “Further peso depreciation could drive declines, while any rebound may help the market recover. Higher yields will weigh on stocks; lower yields could spark a climb,” he said.