Foreigners shun Philippine stocks as Duterte loses lustre: Bloomberg

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Foreigners Shun Philippine Stocks as Duterte Loses Luster: Bloomberg – www.philippineslifestyle.com

Bloomberg economists posted a convincing chart this week and had this to say about the out flowing money from the Philippines over the past 20 plus days: “The money that flowed into the Philippines after presidential elections in May is drying up. As of Wednesday, the nation’s stock exchange had seen 20 straight days of foreign outflows, the longest stretch since 2007. Some investors are speculating that outbursts from President Rodrigo Duterte will have consequences beyond politics that affect the economy.”

To see the chart, go here – Bloomberg

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