Asia’s Worst Share Market Just Got Another Jolt
(Bloomberg) — There seems to be no let-up in bad news for Philippine stocks — already the worst performers in Asia this year.Overseas investors dumped a net $138 million of local shares on Friday, the biggest single-day outflow in five years. While the outsized withdrawal likely resulted from one large stock transaction involving a foreign seller, market watchers say the selloff could worsen. Thats after poor containment measures contributed to the Philippines last week surpassing Indonesia as…
