As of today, the top 3 worst performing stockmarkets in Asia Pacific: (a) Last 52 weeks: TH, PH, ID; (b) Year to date (Ytd, Jan 1 to Mar 13): TH, JP, PH. TH being the worst affected is understandable bec of its high business exposure with China -- investments, trade, tourism. But PH? I think largely because of govt-created hysteria.
Starting tomorrow midnight, March 15 Sunday, Metro Manila lockdown ordered by President Duterte will be implemented. No flights, buses, boats from all provinces going to and from M.Manila. No flights from the Visayas, Mindanao, Bicol, etc., but flights from China allowed. Magaleeeeng sila Duterte and gang.
I am a unhappy and angry at all these hysteria. Duterte officials who advised and pushed him with this Metro lockdown are either paranoid ids__ or trigger happy Martial law lovers.
How many have died so far in PH bec of Wuhan virus? Less than 5? yesterday when M.Manila lockdown was announced, there were only 52 cases nationwide, today 64 total. But it doesn't mean that all of them will die, majority will recover, so why all these hysteria?
See also: Asian stocks and the virus, March 02, 2020