Tetangco Sees Herd Mentality Boosting Volatility

Tetangco Sees Herd Mentality Boosting Volatility

Julian Abram Wainwright/Bloomberg

Morning commuters walk along Ayala Avenue in the financial district of Manila. Gross domestic product in the Philippines increased 7.8 percent in the first quarter from a year earlier, the fastest expansion among 17 Asia-Pacific economies tracked by Bloomberg.