Foreign investors turned net sellers of PH stocks, bonds in August

MANILA, Philippines — Foreign investors turned net sellers of Philippine stocks and government securities in August, snapping three consecutive months of foreign portfolio investment (FPI) net inflows as outflows exceeded inflows by $315 million. Data from the Bangko Sentral ng Pilipinas (BSP) showed the FPI net outflow marked a sharp reversal from the $2.3-billion net inflow