Singapore stocks extend last week's decline, STI down 0.6%
Major markets in North Asia mostly up as China overtakes US as largest recipient of foreign direct investment.
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SINGAPORE'S benchmark Straits Times Index (STI) slipped on Monday, extending last week's decline to finish at 2,973.65, down 0.6 per cent or 17.88 points.
CapitaLand was the worst performer on the STI, falling S$0.13 or 3.8 per cent to S$3.27, with the counter among the most heavily traded in terms of value. This came after the property giant said on Friday it expects to report a loss for the full year ended Dec 31, 2020 due to the impact from revaluations and impairments.
Just four STI counters managed gains on Monday, including Hongkong Land, Keppel DC Reit, and Jardine Cycle & Carriage.
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