October market cap suffers biggest dive in 3 years
Singapore-listed companies shed 5.7 per cent or S$53.2b in total market capitalisation, the steepest monthly decline since August 2015 when they lost 8.8 per cent
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SINGAPORE stocks shed S$53.2 billion or 5.7 per cent of their value in October, the steepest monthly decline in three years amid heightened geopolitical tensions and turbulence on Wall Street that has erased all of the S&P 500's year-to-date gains.
The last time there was a greater decline was in August 2015 when the market lost 8.8 per cent of its combined value in a month.
