Sri Lanka Halts Stock Trading, Rupee Extends Drop Amid Protests

(Bloomberg) — Sri Lanka’s stock market halted trading on Friday and the rupee extended its loss after protests against surging living costs and daily power cuts amid dwindling foreign-exchange reserves.

Equities trading was stopped after a 10% slide in the benchmark stock index. The rupee, which has become the world’s worst-performing currency this year, fell 1.5% by 12:55 p.m. in Colombo, taking its loss this year to more than 30%

Read more: Inflation Protests Turn to Clashes at Sri Lanka President’s Home

Sri Lanka Halts Stock Trading, Rupee Extends Drop Amid Protests – BNN Bloomberg

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