COLOMBO - Stocks in Sri Lanka plunged, triggering a trading halt for the rest of the day, shortly after the market opened for the first time in two weeks.
The benchmark Colombo All-Share Index fell as much as 6.7 per cent as investors worry about the nation's economic crisis. Sentiment still remains jittery as the government seeks up to US$4 billion this year from international lenders to help ease shortages of food, fuel and medicine as its foreign reserves dry up.
The order came after the exchange had already been shut for a week for the traditional new year holidays, drawing sharp criticism from the financial industry.
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