A trader speaks on the telephone while working on the floor of the Philippine Stock Exchange in the Makati district of Manila, Philippines. (Photographer: Taylor Weidman/Bloomberg)

Exodus From One of Asia's Worst Stock Markets Hits Record

Exodus From One of Asia's Worst Stock Markets Hits Record

(Bloomberg) -- September’s weaker-than-expected inflation data hasn’t helped halt an exodus from Philippines shares. Foreign investors pulled out money from the nation’s stocks for a 28th straight session on Monday, breaking the previous record selling spree in June, when the benchmark index entered a bear market. They’ve withdrawn more than $1.6 billion from the market this year as the Philippine Stock Exchange Index has sunk 18 percent, one of the world’s biggest plunges among equity gauges.

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