Emerging markets: Philippine shares slide on surging cases; China and India drop over 1%
People wearing masks for protection against the coronavirus disease (Covid-19) pass a mural dedicated to healthcare workers, in Pasig City, Metro Manila. - Reuters SINGAPORE, March 15 (Reuters): Philippine shares fell sharply on Monday, as rising Covid-19 cases prompted new local restrictions, while the latest rise in US bond yields quelled appetite for the region's other emerging markets. Stocks in India and China fell more than 1%, while in South-East Asia, Singapore and Malaysia eked out gains as the $1,400 direct payments from the $1.9 trillion U.S. package make their way ...
Source: thestar.com.my