Singapore market snaps three-day rally as vaccine euphoria subsides
STI edges down just 0.05% as aviation and tourism-related stocks continue to build on gains.
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SINGAPORE shares retreated on Thursday, snapping a three-day rally as the initial euphoria led by US elections and vaccine news subsided.
Sentiment across Asian markets was mixed, with key benchmarks for Hong Kong, Seoul and Jakarta ending the day lower; Tokyo and Kuala Lumpur were in positive territory.
Axi's chief global markets strategist Stephen Innes said: "Asia's focus was on the stalling stock rally, monitoring global Covid numbers and China's tech bounce following the wipeout in past days due to tougher regulation."
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