Philippine Stock Exchange Closed Amid COVID-19 Lockdown

And the COVID-19 pandemic has forced a stock exchange to shutter its doors.

The Philippine Stock Exchange released a memorandum late March 16th that it would halt all trading operations effective today, March 17th.

According to the memo sent by PSE President and CEO Ramon Monzon, the closure was in connection with Philippine President Rodrigo Duterte’s announcement placing the entire Luzon under an “enhanced community quarantine”. “There will be no trading at The Philippine Stock Exchange, Inc. and no clearing and settlement at the Securities Clearing Corporation of the Philippines starting tomorrow, March 17, 2020 until further notice to ensure the safety of employees and traders in light of the escalating cases of the coronavirus disease (COVID-19).”