PSE shortens trading hours amid new COVID surge

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Metro Manila (CNN Philippines, January 11) — The Philippine Stock Exchange (PSE) on Tuesday announced it would implement shortened trading hours starting Jan. 14, Friday, due to the spike in COVID-19 infections.

In an advisory, the local bourse said trading would only last for four hours — from 9 a.m. to 1 p.m. — on Jan. 14 to 31.

"[I]n view of the surge in COVID-19 cases caused by the Omicron variant, the Philippine Stock Exchange, Inc. will have shortened trading hours," the PSE said.

"We will await further updates from the IATF-DOH on the status of COVID cases and quarantine situation in Metro Manila a few days before January 31, 2022 and make the appropriate announcement on PSE's trading hours after said date," it added.

The Department of Health on Tuesday reported that more than three million people across the country have now been confirmed hit by the virus, almost two years into the pandemic.

The Philippines logged 28,007 new infections on Tuesday.