Massive selloff sends STI 2.7% lower

SHARE prices in the Singapore bourse suffered a brutal selldown with the key Straits Times Index tumbling 84 points or 2.7 per cent to finish the day at 3,047.39 - a 20-month low - following an overnight rout in US stocks that unnerved investors over long-simmering downside risks.

This marked the bourse's sixth straight day of losses with the key index having lost 220 points or 6.7 per cent since last Thursday.

Elsewhere in the region, the losses were more pronounced with key benchmarks in Japan, Hong Kong and South Korea falling between 3.5 per cent and 4.4 per…