WORLD Philippines becomes first country to suspend stock market due to coronavirus

WORLD

Philippines becomes first country to suspend stock market due to coronavirus

CGTN

10:04, March 17, 2020

The Philippine Stock Exchange suspended trade indefinitely on Tuesday. Philippines is the first country to shut financial markets, Reuters reported citing the safety of traders and staff in the wake of the coronavirus pandemic.

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Philippine President Rodrigo Duterte. (Photo: CGTN)

The move, which was announced by the exchange overnight and takes effect Tuesday, is part of a broader quarantine ordered by President Rodrigo Duterte to curb the outbreak.


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