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

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.