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Philippines Close of Trading in the Financial Market Impact of Corona Virus

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Berita Terkini
Philippines Close of Trading in the Financial Market Impact of Corona Virus

While National Treasurer Rosalia de Leon said the insulation is the reason for the suspension of trading the financial markets. Even so, he called currency trading will be continued on March 18, 2020.

the Closure of the financial market the Philippines is a response of the closing or the termination of the trade while some of the stock after the stock value plummeted. "Given the rapid decline in equity prices that has never happened before, has recommended that the stock exchange might be closed if things do not turn around," said house research at Capital Economics in a note on Tuesday.

the Head of the research AdMacro Patrick Perret-Green has also been raised that possibility in a note issued late last week, before the Philippine authorities shut down the stock exchange. "We have seen it before. I'm sure we'll see him again. The government does not need and don't want any pressure and interference of the additional current," said Green.

this Article has been published in Katadata.co.id with the title "the Philippines Close of Trading in the Financial Market Impact of Corona Virus" , https://katadata.co.id/berita/2020/03/17/filipina-tutup-perdagangan-di-pasar-keuangan-imbas-virus-corona
Author: Ratna Iskana
Editor: Ratna Iskana

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