Philippine equities sank more than any other regional stocks last month, completely erasing the rally that had taken place since pugnacious President Rodrigo Duterte took office in June.

According to Bloomberg, the slide was accelerated by foreign fund managers withdrawing some $248 million from the country since the middle of August. One Singaporean fund manager was quoted as saying “I can’t find a good stock to buy.”

Read more here:  http://time.com/4475438/philippines-duterte-stock-market-equities-economy/