Singapore shares fall on Wuhan virus scare
Adding to the worries, the International Monetary Fund has trimmed its growth forecasts for 2019 and 2020
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SINGAPORE stocks slumped further on Tuesday, in line with most regional markets, as the emergence of a new virus from China and a sluggish economic outlook weighed on sentiment.
The Straits Times Index was down 1.09 per cent after lunchtime, but eventually regained some ground to close at 3,247.17, down 1 per cent or 32.92 points.
Decliners outnumbered advancers 350 to 138, or about three counters down for every one on higher ground. Trading remained active, with 2.67 billion securities worth S$1.11 billion changing hands.
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