Singapore stocks badly bruised by Brexit

THE week kicked off with markets tentatively in "risk on" mode as opinion polls suggested the UK would vote to stay within the European Union. It ended with markets firmly in "risk off" mode - on Friday as UK polling results started streaming in, stocks across the region tanked, with the selling gathering pace as more results were announced.

With the Nikkei crashing almost 8 per cent and the Hang Seng Index plunging 3 per cent, and with the British pound sinking to its lowest in 30 years against the US dollar, the Straits Times Index stoo…