Philippine Stock Exchange closed indefinitely on tuesday while currency and bond trading were suspended, the first shutdown of markets worldwide in response to the coronavirus, with authorities citing risks to the safety of traders.

 

The move comes after some bourses around the world closed trading floors or paused trade after big falls in market value.

 

It is also open-ended, unlike China's extension of Lunar New Year holidays in january, which delayed the resumption of trade, or the run of holidays declared in sri lanka this week to try and halt the virus, which has closed markets there since Monday. And while the Philippine shutdown was prompted by health reasons, amid a broad nationwide lockdown, it raises the prospect other exchanges may follow.

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