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STI 0.72% lower for the day, 2.43% down for the week

Tay Peck Gek
Published Fri, Jun 12, 2020 · 09:50 PM

AS CONCERNS mount over a second wave of Covid-19 and a slow economic recovery in the United States, stock markets went the opposite direction - down.

Asia's key bourses took the cue from their US counterparts, and declined in tandem for the second day in a row on Friday.

The Straits Times Index (STI) was sharply lower after the opening bell, but then recovered some lost ground and closed 0.72 per cent down at 2,684.63 points.