Singapore stocks fall on Monday amid regional decline; STI down 1%
China's economic burdens amid zero-Covid policies look set to weigh on other Asian markets, says analyst.
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SINGAPORE stocks fell on Monday (Apr 18), amid weakness seen across regional markets.
The benchmark Straits Times Index (STI) fell 1 per cent or 32.78 points to close at 3,303.07. Meanwhile, key indices in Shanghai, Japan and South Korea also closed between 0.1 per cent and 1.1 per cent lower.
"In Asia, the ever-increasing sweep of Covid-19 lockdowns in China, and mixed data from the mainland have combined with weak US price action to push Asian markets lower," said Oanda senior market analyst Jeffrey Halley.
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