200319 Manila
Police stop motorists at a checkpoint in Metro Manila, Philippines on Wednesday, March 18, 2020. Image Credit: AP

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.

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