7 days ago • Posted by William Ramstein

Philippine equities continue fall from grace as pandemic infections rise

Philippine equities surged before the start of 2021 but have been falling from grace YTD with the Philippine Stock Exchange Index indicating a 7.7% fall so far this year. Philippine stocks see the weakest correlation to Asian peers since 2017 suggesting its economic recovery could be much slower than other neighbors. 

Source: Yahoo/Bloomberg

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