Asian stocks hit by second wave worry, Philippines down 4%


The Philippine stock index plunged nearly 4% and was headed for its worst day since mid-April as the country reopened after a long weekend and caught up with the volatility in global stock markets.

SINGAPORE: Philippine shares were the hardest hit on Monday, as fears over a second wave of coronavirus infections hurt risk sentiment and depressed Asian stock and currency markets.

The Philippine stock index plunged nearly 4% and was headed for its worst day since mid-April as the country reopened after a long weekend and caught up with the volatility in global stock markets.

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