ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Stocks

Philippine stocks return to pre-Duterte levels

SINGAPORE -- Philippine stocks declined on Thursday for the ninth straight session, dropping below the level when Rodrigo Duterte won the presidential election on May 10.

The stock market initially jumped with high expectations for the new leader, but Duterte's string of incendiary comments has cast doubt over his ability to steer the economy. Now there is also a possibility that the country's steady economy growth may exert downward pressure on stock prices in the short term.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more