Robinsons Drops in Debut as Typhoon Hits Stocks: Southeast Asia

Robinsons Retail Holdings Inc., the largest Philippine initial public offering, retreated in its Manila debut amid concern the devastation from Super Typhoon Haiyan will weigh on Southeast Asia’s fastest-growing economy.

The operator of supermarkets and department stores fell 2.6 percent to 56.50 pesos at the close, after raising at least $621 million from investors. The Philippine Stock Exchange Index sank