Philippine Peso Slides With Stocks as Duterte Unnerves Investors

Updated on
  • Global funds sell the nation’s shares for a 23rd day
  • Peso’s weakness “mainly due to politics,” Oanda’s Halley says

QuickTake: Philippines' Splintered Democracy

The Philippine peso sank to a seven-year low and stocks declined as investors pulled money from the nation’s assets amid concerns about President Rodrigo Duterte’s policies.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.