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Singapore stocks slide; MSCI Singapore drops ComfortDelGro, Sats, SCI, SPH
Market appeared to be watching for comments on the US economy; STI drops 15.80 points to 2,572.01.
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Published Wed, May 13, 2020 · 09:50 PM
SINGAPORE shares slipped on Wednesday, ahead of an address by the US Federal Reserve Chairman Jerome Powell.
The market appeared to be watching for comments on the US economy and various extraordinary Fed stimulus and lending programmes.
In Singapore, the Straits Times Index (STI) opened at 2,573.71 before settling at 2,572.01, down 15.80 points or 0.61 per cent for the day. A total of 2.2 billion securities, worth S$1.6 billion, were traded.
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