World Stock Exchanges express sympathy, support to Typhoon victims

The World Federation of Exchanges (WFE) expressed its sympathy to the Filipino people, for the destruction and loss of life brought about by Typhoon Haiyan. In its message relayed to the Philippine Stock Exchange (PSE) on behalf of WFE Chief Executive Officer Huseyin Erkan and all WFE members, WFE Chief Operating Officer Peter Clifford conveyed their deepest sadness for the thousands of families which have suffered losses and said that their thoughts are with the survivors and those coming to their aid. WFE is composed of 62 publicly regulated stock, futures and options exchanges around the globe. Other exchanges have separately expressed messages of condolences, sorrow and support for the typhoon victims including the Japan Exchange Group, Inc., Singapore Exchange, Stock Exchange of Thailand, Hanoi Stock Exchange, Muscat Securities Market and Bolsa Mexicana de Valores. In their letters to the PSE, the Japan Stock Exchange mentioned that JPX is making a donation through the Japanese Red Cross while the Stock Exchange of Thailand is sending financial support for relief efforts through the Thai government. Meanwhile, other exchanges are preparing or have expressed their readiness to send aid for the victims. “We are sincerely grateful to the different organizations and stock exchanges who have reached out to us at this time. We truly appreciate their words of support and encouragement and the help they are sending to those affected by Typhoon Haiyan. It is heart-warming that at this time of tragedy, we are seeing an outpouring of care and concern from our counterparts overseas,” said PSE President Hans B. Sicat.