Prognosis

Philippine Capital Returns to Stricter Lockdown; Stocks Fall

Cyclists wearing protective masks ride past stores and shoppers at Quiapo Market in Manila, the Philippines, on July 27.

Photographer: Geric Cruz/Bloomberg
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The Philippine capital will return to a stricter lockdown from Tuesday as coronavirus cases surged more than fivefold after movement restrictions were eased in June. Stocks fell to a two-month low.