Philippine Earthquake: How Disaster Risk Reprices Emerging Market Portfolios
A 7.8 magnitude earthquake killed at least 32 people in Mindanao this morning, and while the human toll dominates headlines, the macro signal is already moving through Asian credit markets and commodity flows. The Philippine peso touched 59.2 per dollar in offshore trading—its weakest level since October 2024—before central bank intervention steadied the rate. This … Read more