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Philippines becomes first country to shut financial markets as coronavirus spreads


Philippines becomes first country to shut financial markets as coronavirus spreads
 

The Phillipines has become the first country of the world to suspend all financial markets.

The financial shutdown was confirmed from the statements from the Philippine Stock Exchange and the Bankers Association of the Philippines.

The Philippine Stock Exchange was closed on 17th of March indefinitely, while currency and bond trading were suspended.

The decision to suspend the financial markets was taken in response to the coronavirus pandemic.



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