More ‘hot money’ exited PH in June

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4 months ago

More short-term foreign funds left the Philippine stock and bond markets in June as geopolitical tensions, including fierce encounters in the West Philippine Sea, unnerved investors. Data released on Wednesday by the Bangko Sentral ng Pilipinas (BSP) showed net outflows of foreign portfolio investments (FPIs) amounting to $27 million in June, a reversal from the

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money

exited

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