STI falls 0.6% on virus resurgence, US election uncertainty

THE Singapore bourse began the week on a dour note, led by a trifecta of factors - coronavirus, the US election and corporate earnings season. The key Straits Times Index (STI) fell 14.08 points or 0.6 per cent to 2,523.31 on Monday as Covid-19 cases hit record highs in the US and several European countries.

This week marks the final stretch before the high-stakes US presidential election on Nov 3, while focus will also be on the earnings season with tech giants in the US set to release their report card.

Across the region, key gauges in Japan, China, Taiwan, South Korea, Australia and Malaysia closed in the red.