STI down 0.5% following pullback in US

IT was almost a given that the local bourse's key Straits Times Index would snap seven straight days of gains to close lower on Tuesday following the declines in US stocks overnight on Monday.

The STI capped the day's trading at 3,334.67, lower by 15.13 per cent or 0.5 per cent with some 1.7 billion shares worth S$1.1 billion done.

Year to date, the STI has put on nearly 16 per cent.

Overnight Monday, the S&P 500 ended 0.4 per cent lower, while the NASDAQ Composite Index and Dow Jones Industrial Aver…