PH suspends stock market trade over virus fears 1 SHARES Share it! Share TweetBy Agence France-PresseThe Philippines suspended trade on its local stock exchange Tuesday, becoming the first country to close its financial market over coronavirus fears. Philippine Stock Exchange President Ramon Monzon told traders in a memo that trading is suspended starting Tuesday “until further notice” to move in step with Duterte’s order. The benchmark PSE index plunged 7.9 percent during shortened trading on Monday as investors reeled from the virus’ economic impact. The suspension order came as stock markets and oil prices went into freefall after central banks’ fresh stimulus measures failed to dampen fears of the global pandemic.

Source: Manila Bulletin March 17, 2020 03:00 UTC