STI ends lower despite late rally
The fluidity of the Covid-19 situation has kept investors busy trying to price in the economic impact of the outbreak
Add BT as a preferred sourceWITH little positive news on the Covid-19 front, local equities extended losses on Thursday.
The fluidity of the situation has kept investors busy trying to price in the economic impact of the outbreak, which is already showing signs of establishing a foothold in Europe and the Middle East.
Singapore's Straits Times Index (STI) slipped by more than 1 per cent in the afternoon, but staged a rebound after the 3,100 support level was breached.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
JLL Singapore cuts over 20 jobs or 1% of workforce; Knight Frank Singapore also lays off staff
How China’s young workers are securing their future even as AI disrupts job market, triggers pay cuts
DBS CEO Tan Su Shan strikes upbeat tone on deposits, wealth growth after strong Q1
