Philippines: Stock index falls 2% as election nears

[JAKARTA] The Philippine benchmark stock index fell 2 per cent in thin trading on Monday to its lowest since March 11, as the country's presidential election approaches.

Presidential front-runner Rodrigo Duterte has not been very specific on his economic policy, which has caused market jitters, Luz Lorenzo, analyst with Maybank Kim Eng in Manila said.

The election takes place May 9.

REUTERS