STI drops post-Paris and wobbly Friday

THE Straits Times Index (STI) opened the week with its seventh consecutive loss, this time dropping 9.95 points to 2,915.73.

The selling was said to be partly a knee-jerk reaction to the weekend's terror attack in Paris, though a wobbly Friday session on Wall Street before the attacks also played a major role in the selling here.

The STI has lost 124 points or 4.1 per cent since it closed at 3,039 on Nov 4, one of its worst losing streaks in a weak year for equities overall.