Philippines, Indonesia recover after U.S. data boost
(WorldNews Indonesia)

Share markets in Indonesia and the Philippines recovered more than 1% on Tuesday after sharp falls a day earlier, as strong U.S. manufacturing data and gains on Wall Street countered worries over surging coronavirus cases at home. Both benchmarks sank on Monday after Indonesia and the Philippines extended their lockdowns. A number of analysts have said the second round of restrictions will spell more economic pain than the first, given that corporate cash reserves have now dried up and many citizens are already out of work. Jeffrey Halley, senior market...