Asia’s Worst Stock Market Looks for Reopening Cues From Duterte

Asia’s worst stock market is looking for a catalyst to spark a recovery, and traders are banking on Philippine President Rodrigo Duterte to spell out a plan to further reopen the economy when he delivers his annual speech to the nation on Monday.

Investors are also hoping for a fiscal stimulus to help lift the economy out its deepest recession in more than three decades, according to analysts and money managers. Government spending is key to averting a long-lasting crisis as the coronavirus ravages the global economy, they said.