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Stock Exchange in Philippines Shut Down Due to Coronavirus Pandemic

Philippines Becomes First Nation to Close its Financial Markets Due to Coronavirus Pandemic

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Stock Philippines
The Philippines Stock Exchange has shut down operations indefinitely due to the coronavirus crisis. Pixabay

The Philippines Stock Exchange has shut down operations indefinitely, the first stock exchange in the world to stop trading amid the economic fallout caused by the novel coronavirus pandemic.

The decision to close down the exchange comes as the capital of Philippines, Manila, has been placed under a virtual lockdown, as well as the daily losses sustained in the global financial markets as everyday life grinds to a halt in practically every country and major city in an effort to halt the spread of the virus.

Stock Philippines
A man wearing a protective mask looks for the start of the queue at a grocery store in Taguig, metropolitan Manila, Philippines. VOA

President Rodrigo Duterte announced last week a new set of travel restrictions after  health authorities raised the highest alert level for COVID-19, and the region was placed under community quarantine.

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Over 12 million people living in metropolitan Manila will not be allowed in and out of the city by land or local air and sea travel until April 14.

The head of the exchange says he plans to reopen the markets on Thursday. (VOA)

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About 88% Indians Feel That Lockdown Should Be Extended Further: Poll

The poll which included response from 40,000 app users revealed that 92 per cent of the respondents feel private sector should be allowed testing of COVID-19 in order to augment testing facilities for the respiratory disease

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Lockdown
Lockdown is the best way to practice social distancing and curb the spread of the coronavirus. Pixabay

As novel coronavirus (COVID-19) cases continue to increase in the country, at least 88 per cent Indians feel that the 21-day nationwide lockdown, scheduled to end on April 14, should be extended further, a new poll said on Thursday.

The findings showed that 88 per cent of the respondents are refraining to order food online during the lockdown period, according to the survey by news platform Inshorts.

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The poll which included response from 40,000 app users revealed that 92 per cent of the respondents feel private sector should be allowed testing of COVID-19 in order to augment testing facilities for the respiratory disease.

“Lockdown is the best way to practice social distancing and curb the spread of the coronavirus,” said the survey.

Social Distancing, Stay Home, Virus, Lockdown, Covid-19
As novel coronavirus (COVID-19) cases continue to increase in the country, at least 88 per cent Indians feel that the 21-day nationwide lockdown, scheduled to end on April 14, should be extended further, a new poll said on Thursday. Pixabay

The Odisha government on Thursday decided to extend the lockdown period till April 30 to combat the COVID-19 outbreak. It also decided to keep the educational institutions closed till June 17. Odisha is the first state in the country which extended the lockdown period by another 15 days.

The total tally of novel coronavirus cases in India reached up to 5,734 on Thursday. Of these, 5,095 are active cases, 166 are dead, one has migrated, while 472 people have been discharged after recovery.

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Maharashtra is the worst affected state so far with 1,135 active cases, 117 cured and discharged and 72 have died. (IANS)