SINGAPORE (Bloomberg) -- Southeast Asian equity markets, already suffering from foreign outflows, are now at the brink of witnessing bear markets for some of its members as the coronavirus-induced sell-off continues.
The risk aversion caused by the deadly virus has pushed the main equity benchmarks of Thailand and Malaysia to within 3% of what would mark a 20% fall from their peaks. The main Philippine gauge entered into a correction after its president cracked down on some of the nation’s biggest businesses.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
