SE Asia Stocks-Philippines, Indonesia plunge as stimulus, COVID concerns weigh
Philippine stocks sank more than 3% on
Wednesday as investors worried a proposed $26 billion stimulus
package was running into political trouble, while Indonesian
markets plunged after a surge in the number of new coronavirus
cases.
The Philippines main index fell to its lowest in
nearly a decade in March, as it joined dozens of countries in
imposing a strict lockdown. It has gained back about 60% since
as the measures were eased and markets gl
Wednesday as investors worried a proposed $26 billion stimulus
package was running into political trouble, while Indonesian
markets plunged after a surge in the number of new coronavirus
cases.
The Philippines main index fell to its lowest in
nearly a decade in March, as it joined dozens of countries in
imposing a strict lockdown. It has gained back about 60% since
as the measures were eased and markets gl
Posted by Reuters
