Singapore shares fall as vaccine hopes fizzle
Optimism over Moderna's vaccine get a reality check; US-China tensions simmer on.
SINGAPORE shares closed lower on Wednesday, snapping a three-day straight win as the vaccine-led rally got a much-needed reality check.
The Straits Times Index fell 19.39 points or 0.75 per cent to finish at 2,561.94 on Wednesday. In the year to date, the index is down just over 20 per cent.
Risk-on sentiments took a step back as doubts emerged over biotech company Moderna's vaccine. The directionless trading in US stocks overnight was another bummer as US-China tensions prevailed.
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