Singapore shares fall on US election jitters, macro pain concerns

SINGAPORE shares posted losses on Tuesday as a combination of factors from pre-election jitters, rising Covid-19 cases around the world to overnight falls on Wall Street left no chance for any upside in the local bourse.

The key Straits Times Index traded under water all day while it pared losses in midday trading and wrapped up the day at 2,512.87, down 10.44 points or 0.4 per cent.

Except for China and Malaysia, key gauges elsewhere including Japan, Hong Kong, Taiwan and South Korea closed in the red on concerns that rising coronavirus cases will prolong global macro pains.