Slowdown fears turn Asia markets red

MARKETS in Asia were a sea of red on Monday on broad sell-offs fuelled by worrying concerns about the global economic slowdown.

That caused Singapore's Straits Times Index (STI) to drop 29.18 points or 0.9 per cent to close at 3,182.92.

While ending the day lower, the benchmark index's performance bettered its counterparts in other key markets in the Asia Pacific - Australia, Japan, South Korea, China, Hong Kong and Malaysia.