STI ends lower despite late rally

WITH little positive news on the Covid-19 front, local equities extended losses on Thursday.

The fluidity of the situation has kept investors busy trying to price in the economic impact of the outbreak, which is already showing signs of establishing a foothold in Europe and the Middle East.

Singapore's Straits Times Index (STI) slipped by more than 1 per cent in the afternoon, but staged a rebound after the 3,100 support level was breached.