Phillipine Stock Exchange Halted, Shares Fall 10%

October 27, 2008

in Phillipines, international economy, news and updates

This was a safety measure instituted last month in order to curb market losses and provide a period of trading “cool-down”.  The market was stopped today about thirty minutes before close, just after shares fell 10%.  The main index itself fell by more than 10%.  See the report in the Australian Age.

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