Earthquake reported felt in Manila, Philippines

A 'felt' headline without magnitude, depth, or epicentre is the lowest-information version of a seismic story; the established sequence is that the initial report crosses first, with the scale, tsunami assessment, and damage picture following over the subsequent hours, and most such reports resolve without lasting market consequence. The Philippines sits in a seismically active zone, and tremors felt in Manila are not uncommon; markets have historically reacted only when the event proves large enough to disrupt infrastructure, ports, power, or the semiconductor and electronics supply chains that run through the region. The distinction that matters is between a felt-tremor with no damage and a damaging event with casualties and operational disruption, and that cannot be resolved from the headline alone. Worth watching next are the official magnitude and epicentre readings, any tsunami bulletin for the Pacific basin, and early reports on industrial facilities and transport links. Until those arrive there is no confirmed transmission channel, and any initial FX or equity move in regional assets would be consistent with precautionary positioning rather than assessed damage.