Sri Lanka’s Stock Market Shuts After 5.9 Percent Decline Triggered by Cabinet Resignations

Opposition activists protest against rising living costs at the entrance of the president's office in Colombo, Sri Lanka, on March 15, 2022. Ishara S. Kodikara/AFP via Getty Images

Sri Lanka’s cabinet ministers resigned en masse as protests over the government’s handling of the country’s worst economic crisis in decades escalated, the education minister said on April 3.

The country’s stock exchange fell by 5.9 percent following the mass resignation, prompting authorities to halt trading on April 4, AFP reported.