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STI dips, tracking Wall Street losses as Russia-Ukraine peace talks stall

Singapore Exchange is STI's top gainer while Jardine Matheson extends losses to finish at the bottom.

Kelly Ng
Published Thu, Mar 31, 2022 · 09:50 PM

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SINGAPORE shares ended on a sour note on Thursday (Mar 31), following a sell-off on Wall Street amid uncertainties over the Russia-Ukraine crisis.

The Straits Times Index (STI) shed 0.99 per cent or 34.09 points to close at 3,408.52, with gainers trailing losers 203 to 270. 1.48 billion shares worth S$1.4 billion changed hands throughout the session.

While peace talks between Russia and Ukraine held promise of a de-escalation of war in the early part of the week, Russia continued attacks on Wednesday, with bombings intensifying on the outskirts of Kyiv and other parts of Ukraine.

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