"I don't think the integrity of the rule of law was hurt so badly that it will erode business confidence, " says Bob Broadfoot of the Political and Economic Risk Consultancy.

CNN: COOLING A COURT CRISIS

" Singapore-based Bruce Gale of the Political and Economic Risk Consultancy agrees: "There are a number of checks and balances in the Philippine system that might make Estrada not quite the disaster some people predict he will be.

CNN: IS ESTRADA UNSTOPPABLE?

In periods of heightened economic and political risk, investors demand higher risk premiums to hold stocks.

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