Philippine stocks slid to their lowest levels of the year as rising US yields pulled capital away from emerging markets, compounding worries about a quickening September inflation
Philippine stocks slid to their lowest levels of the year as rising US yields pulled capital away from emerging markets, compounding worries about a quickening September inflation print that keeps the central bank in a holding pattern. Tensions near Batanes, where the Coast Guard confronted a Chinese research vessel, add a geopolitical layer to an already cautious mood. Some domestic appetite for risk persists, with the GCash owner Mynt's IPO pricing suggesting local listing interest remains alive despite the broader pressure.
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