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Exodus From One of Asia's Worst Stock Markets Hits Record
Foreign investors pulled out money from the nation’s stocks for a record 28th straight session on Monday.
09 Oct 2018, 02:35 PM IST 
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)
(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 They’ve withdrawn more than $1.6 billion from the market this year as the Philippine Stock Exchange Index has sunk 18 percent, one of the world’s biggest plunges among equity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.
To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net
To contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net, Cecile Vannucci, Eric Coleman
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