In my opinion, it should be both, because it will affect the way in which a molecule will interact with plane polarized light (physical), but also affect chemical interactions such as receptor binding.
On the other hand, consider $\ce{CHDBrCH3}$, which is chiral, as there 4 distinct groups attached to the central carbon. This would insinuate that chirality is a purely physical property, as despite deuterium having the same chemical properties as hydrogen, we are able to form a chiral molecule.