Singapore market sees widespread losses

THE Singapore bourse was a sea of red on Thursday, as sellers took centrestage.

The key Straits Times Index (STI) ended lower, with the three local banks tumbling following the unveiling of an uninspiring set of results from DBS Group Holdings before the market opened.

There was an unexpected interlude at the start though, owing to a technical glitch at index provider FTSE Russell which temporarily disrupted real-time values of Singapore and Malaysia's market benchmarks.

This became apparent after the STI remained unchanged in the first hour of trading despite the fall in bank s…