STI fails to sustain early gains despite Wall Street rally

There are signs of US Covid-19 cases slowing but strategists say a V-shaped recovery is still far from sight.

Claudia Tan HS

Published Wed, Apr 15, 2020 · 09:50 PM

SINGAPORE equities were mostly lower on Wednesday, after failing to sustain its morning gains.

The Straits Times Index fell 1.1 per cent or 29.01 points to 2,605.56.

This was despite an overnight rally on Wall Street that was prompted by signs of Covid-19 cases coming to a plateau in the United States.