Asian markets down on Wall Street sell-off
STI closes 11.87 points down at 3,155.92; turnover on the bourse stands at roughly 1.26 billion shares worth S$873 million
Add BT as a preferred sourceHIS tweets may have bearing on market sentiment and shake indices but US President Donald Trump's comments on the US-China trade truce is not the only factor to have played into Wall Street's sell-off on Tuesday. It also played into a lacklustre session for Asian markets.
Concerns over the outlook of the US economy grew on an inversion of a segment of the US treasury yield curve, a measure viewed as an early indicator of a potential economic recession.
CMC Markets' Margaret Yang said: "Revamped trade uncertainties and a surprising inversion of part of the US treasury yield curve catalysed panic selling in US equities."
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