Singapore stocks tumble following Wall Street's rout; STI down 1.22%
Singapore Exchange is only counter on blue-chip index ending in the black.
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SINGAPORE shares sank on Thursday, tracking the Wall Street rout overnight amid fears of a second wave of the coronavirus, stalled US stimulus talks and an increasingly contentious US presidential election campaign.
Stephen Innes, chief global markets strategist at AxiCorp, said: "Fading prospects for US fiscal stimulus and the stepping up of mobility restrictions on concerns about the second wave of Covid-19 are smacking global stock markets again."
Soaring Covid-19 figures and weak US economic data have also fuelled concerns over global recovery, with some regions tightening social mobility restrictions in response to rising daily Covid-19 cases
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