PHILEQUITY...

With foreign funds leaving other emerging markets and flocking to China, mainland equities saw a net inflow of $3.1 billion on Nov. 26 – the largest single day net foreign buy in more than three years. Amidst the selloff in EM and despite mixed signals regarding trade, US stock markets continued to make new highs. As you can see in the table below, the Philippines is not alone in its tepid performance. In fact, Indonesia and Malaysia are already in the red for the year.