Philippine stocks dived amid concern the devastation from Super Typhoon Haiyan will weigh on economic growth.
The Philippine Stock Exchange Index slid 1.42 percent to 6264.64 on Monday, set for the steepest decline since Sept. 30. The peso also declined to a five-week low, weakening 0.4 percent to 43.377 per dollar.
Analysts say the economic impact of the year's most powerful cyclone may reach 14 billion US dollars, about 2 billion of which will be insured.
Source: CCTV
