• Foreign investors have offloaded the most Philippine equities in over seven years amid a regional selloff sparked by Silicon Valley Bank’s collapse.
• Global funds net sold $384.7 million of local equities on Monday, the most since September 2015, according to data compiled by Bloomberg. That put pressure on the benchmark gauge, which is down some 1.7% so far this week. Financial shares including the Bank of the Philippine Islands were among the worst performers, tracking global banks lower.