Philippines Is First Country To Halt Its Market “Until Further Notice”


 

(From Zerohedge)

…The Philippine Stock Exchange announced it is suspending trading “until further notice” after the country’s President Rodrigo Duterte expanded a month-long lockdown to the entire main island of Luzon.

“Mass transport suspension and work suspension in the private sector plus the mandate of the government to stay at home constrained us to suspend trading and clearing & settlement for now,” said PSE Chief Operating Officer Roel Refran, who surely welcomes the opportunity to take a break from the crash in the country’s stock market which has wiped out just over a third of market values in since the November highs.

Reprinted from: https://www.ac2news.com/2020/03/philippines-is-first-country-to-halt-its-market-until-further-notice/

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