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24% drop endhiraaa


sri_india

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The Philippine Stock Exchange Index plunged as much as 24% in Manila before paring the decline to 12% as of 11:24 a.m. local time. As trading resumed, the lowest valuation in 11 years, prospects for a 50 basis point rate cut and a 27 billion peso ($528 million) fiscal stimulus collided with fears of the coronavirus spreading.

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