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. Last Updated: 07/27/2016

Ramos Recovering

MANILA () -- President Fidel Ramos was doing well Monday and even cracking jokes after undergoing an operation to clear a blocked artery, officials said.

But the report of his operation upset the stock market and foreign exchange traders, with share prices tumbling and the Philippine peso falling to its lowest level this year against the dollar.

The operation was meant to remove a "significant carotid block,'' a condition that results from high cholesterol, according to a medical bulletin issued by Ramos' doctor.