Coronavirus: Philippine stock market plummets 24% after trading halt

Manila: The Philippine stock market slumped on Thursday, with the broader index plummeting 24 per cent after a 15 minute suspension.

The initial suspension came after the market droped 12.4 per cent when trading resumed following a two-day closure amid coronavirus quarantine measures on the country’s main island.

The decline triggered the circuit breaker, a 15-minute trading suspension when the broader index drops at least 10 per cent in one day.