Singapore market slides, in line with region
Jakarta index is Asia-Pacific's worst-performing, while Indonesia-related stocks in Singapore also suffer
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SINGAPORE stocks continued to slide on Tuesday, with losses led by banks, telco Singtel and a handful of property plays.
The Straits Times Index (STI) shed 22.23 points or 0.62 per cent for the second straight session to finish at 3,540.23, with 1.4 billion shares worth S$1.3 billion changing hands.
Its performance was in line with the region. Across markets, the Jakarta Composite Index had the worst showing in Asia-Pacific, sinking 1.8 per cent on Tuesday and taking its retreat to 8.1 per cent for the year, overtaking the Philippines in the race to the bottom after a series of attacks in recent days shattered confidence among equity investors, Bloomberg reported.
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