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Singapore shares tumble after Wall Street's record-breaking crash

SINGAPORE shares tumbled on Tuesday after the Dow Jones Industrial Average posted its largest single-day drop in history in terms of index points.

The benchmark Straits Times Index closed at 3,406.38, down 76.55 points, or 2.2 per cent, from its Monday close.

More than 3.8 billion shares, worth S$2.9 billion, changed hands, with 90 gainers to 518 losers.

Blue chips, including banks and offshore marine conglomerates, dominated the sell-offs. Keppel Corp ended at S$8.19, down 37 Singapore cents, or 4.3 per cent on more than 17 million shares traded.

On Monday, the Dow fell 1,175.21 points to 24,345.75, posting its largest drop in one day. The previous record was on Sept 29, 2008, when it lost 777.68 points.

sentifi.com

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