(Bloomberg) -- The Philippines suspended currency and fixed-income trading and reopened the stock market on Thursday after Typhoon Gaemi swept through the country.
The Bangko Sentral ng Pilipinas said its decision followed its “latest assessment of the safety and mobility situation,” according to its post on Facebook. There will also be no fixed-income trading, the Philippine Dealing and Exchange Corp. said in a separate notice.
However, the Philippine Stock Exchange said equity market trading will resume Thursday, according to a post on X.
Manila had canceled government work and schools for Thursday after monsoon rains caused a landslide and displaced at least half a million people.
Gaemi took aim at China after tearing across the Philippines and Taiwan, knocking out power to hundreds of thousands of homes, flooding streets and leaving at least five people dead.
(Updates with resumption of equity market trading.)
©2024 Bloomberg L.P.
