Asian equities shaken by US tech tremors

Nearly all markets in the region end in the red, with STI among the worst hit, closing at 1.24% lower

Published Tue, Nov 20, 2018 · 09:50 PM

A TUMBLE in tech stocks on Wall Street overnight on Monday extended to Asian equities on Tuesday, with nearly all markets in the region ending in the red.

Singapore shares on Tuesday were among the worst hit in Asia, dragged down by financials.

It was a sea of red on the local bourse as constituents foundered on negative sentiment from the US tech slide.

Amid a slow news day, not uncommon around this time of the year, the STI shed 38.08 points to 3,026.99, its second day of losses in the week.

Shares on the key Straits Times Index (STI) steadily fell on Tuesday on the US tech rout, opening lower by 1.08 per cent in the morning, falling 1.2 per cent after the lunch break, before ending sharply lower by 1.24 per cent at the closing …

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