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Market cap of Singapore stocks down 4.8% in August as China woes, weak data bite

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Yong Jun Yuan

Yong Jun Yuan

Published Fri, Sep 1, 2023 · 12:00 PM
    • The potential default of Chinese property developer debt has had a spillover effect on Singapore-listed property companies, analysts say.
    • The potential default of Chinese property developer debt has had a spillover effect on Singapore-listed property companies, analysts say. PHOTO: REUTERS

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    THE total market capitalisation of Singapore stocks shed 4.8 per cent in August, amid a slowdown in China’s recovery and weaker economic data.

    Data compiled by The Business Times showed that the market cap of the overall Singapore bourse stood at S$800.8 billion, down from S$841.6 billion as at end-July.

    Meanwhile, the market cap of the benchmark Straits Times Index shed 4.2 per cent to S$536.8 billion.

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