Philippine stocks plunge 25% after 2-day trading halt | The Malaysian Insight

A general view of the of the trading area at the Philippine Stock Exchange in Taguig, south of Manila, in 2018. – EPA pic, March 19, 2020.

PHILIPPINE shares plunged by nearly 25% today moments after the Manila stock exchange resumed trade following a two-day trading suspension prompted by the coronavirus pandemic. The southeast Asian nation was the first in the world to indefinitely suspend trading after President Rodrigo Duterte ordered more than half of its population to stay home for the next month.

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Philippines suspends stock market trade over virus fearsNSTbusiness: The Philippines suspended trade on its local stock exchange Tuesday, becoming the first country to close its financial market over coronavirus fears. covid19
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