Singapore market likely to keep sinking
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THE first quarter in 2020 saw the Covid-19 outbreak escalate into a global pandemic. As we enter the second quarter, focus will shift to Western societies as the infection rate in the US surpasses that of China's.
The Dow Jones Industrial Average (DJIA) resumed its sell-off sentiment after a promising rebound towards the end of the first quarter.
In Singapore, the infection rate has been increasing, which led to stronger measures. Various measures such as social distancing and forced closure of entertainment hubs will continue to take a toll on businesses.
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