Philippine shares rose more than 5 percent during shortened trading on Wednesday after President Rodrigo Duterte signed a bill granting him extra powers and a massive war chest to stem the Covid-19 outbreak.
The Philippines’ main stock index crashed deep below the 5,000-mark on Thursday as bloodbath continued in the equities market amid the Covid-19 pandemic.
The Philippine Stock Exchange’s main index lost 9.7 percent at the close of trading on Thursday amid coronavirus fears, crashing to its lowest level since 2012.
