The Philippine Stock Exchange halted trading past mid-trade on Monday after the key index plummeted over 10 percent.
At 11:23 a.m., the 30-company composite index, the main barometer of price movements on the local bourse, fell 10.03percent to 1,757.46points.
This is the first time that the market implemented the "circuit breaker" rule, which aims to give investors time to digest the impact of an unusual market drop and help restore normalcy in the equity market.
1 Comments
our circuit breaker is always manufactured by General Electric and they last very long`:-
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