STI slips 1.5% in line with regional bourses
Traders spooked by China slowdown, slumping oil prices, and Middle East conflict
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
CHINA woes continued to spook the local stock market on Monday, with the benchmark Straits Times Index (STI) losing 42.4 points or 1.5 per cent to finish the day at 2,708.85.
The losses on its sixth trading day of 2016 leaves the key index in the red by some 6 per cent so far this year.
Trading sentiment was weighed down by further losses in Chinese equities, with the Shanghai Composite losing more ground and tumbling over 5 per cent.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
