STI, Asian bourses in the red on HK security law jitters
SINGAPORE shares closed sharply lower as sentiments across the region were hit by worries of a deepening US-China rift, with Beijing set to enact a controversial national security law on Hong Kong.
The Straits Times Index fell 55.51 points or 2.17 per cent to 2,499.83. Week-on-week, the index has fallen nearly 24 points or 0.9 per cent.
Key gauges across the region were awash in red with Hong Kong leading the losses as investors braced for a retaliation from Washington. The risk of a return of mass protests to the streets of Hong Kong added to market jitters.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OpenAI inks licensing deal with People magazine publisher
Apple unveils new AI-focused chip in upgraded iPad Pro models
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Disney's surprise streaming entertainment profit offset by weaker TV business
Geely, Foretellix partner to jump-start self driving car development
US: Wall Street opens slightly higher on rate cut optimism