Cebu Air Plunges 38% After Trading Error by Local Broker

Jul 09 2019, 9:27 AMJul 09 2019, 11:59 AMJuly 09 2019, 9:27 AMJuly 09 2019, 11:59 AM

(Bloomberg) -- Shares of the Philippines’ largest budget carrier plunged by a record, wiping out 21.3 billion pesos ($415 million) in market value, after a local broker made a trading error.