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This Article is From Oct 04, 2016

Duterte Hitler Talk Ends Worst Philippine Quarter in Year: Chart

Duterte Hitler Talk Ends Worst Philippine Quarter in Year: Chart

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(Bloomberg) -- Rodrigo Duterte closed his controversial first three months as president of the Philippines by invoking Adolf Hitler's massacre of millions of Jews to say he'd "be happy to slaughter" 3 million drug addicts. By day's end, the country's stocks had completed their worst quarter in a year, and the Philippine peso had finished its worst back-to-back quarters in three years. It's hard to blame broader market trends for the performance since Duterte's term began June 30: Emerging-market currencies and Asian equities both gained.

To contact the reporter on this story: Phil Kuntz in New York at pkuntz1@bloomberg.net.

To contact the editors responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.net, Sophie Caronello

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