“Investors are essentially liquidating their holdings” as the renewed spike in Covid cases and renewed mobility restrictions could derail economic recovery prospects, said Lex Azurin, an analyst at AB Capital Securities.
MANILA: The Philippine stock benchmark fell the most in Asia as investors dumped the nation’s equities amid escalating daily coronavirus infections.
“Investors are essentially liquidating their holdings” as the renewed spike in Covid cases and renewed mobility restrictions could derail economic recovery prospects, said Lex Azurin, an analyst at AB Capital Securities.
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