STI sheds 0.54% amid Russia-Ukraine tension, China lockdowns
Straits Times Index falls 17.63 points to 3,232.03 amid clouded global economic outlook.
Add BT as a preferred sourceClaudia Tan HS
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE shares retreated on Monday (Mar 14) as the global economic outlook remained clouded by widespread sanctions on Russia and China's new Covid-19 lockdown.
The Singapore Straits Times Index (STI) fell 0.54 per cent or 17.63 points to 3,232.03.
CIMB Private Banking's economist Song Seng Wun said that repercussions from the Russia-Ukraine war including heightened geopolitical risk and soaring energy and commodity prices are being felt around the world.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
