Stocks Trip 10% Circuit Breakers as Emerging Asia Rout Snowballs

(Bloomberg) — The stock rout in Asia’s emerging markets is going from bad to worse. After most gauges tumbled into bear territory in the last few weeks, now the plunge is triggering trading halts.Circuit breakers were triggered in Thailand and the Philippines after the benchmark gauges of both countries slumped 10%, the most in Asia. Indonesia, where the stock exchange just tightened its rules, also suspended trading as the Jakarta Composite Index fell 5%.Both the SET Index and the Philippine Stock Exchange Index tanked the most since October 2008, as foreign investors liquidated their equity holdings fast in a region …read more

Source:: Yahoo Finance

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