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STI falls 0.7%, breaks support level

Asian markets struggle through yet another day burdened by Chinese and Turkish economic woes

Published Thu, Aug 16, 2018 · 09:50 PM

TRACKING other Asian markets as they struggled through yet another day burdened by Chinese and Turkish economic woes, the Straits Times Index (STI) broke down a key support level and reached its lowest point since July 9 in Thursday's trading session.

After losing 22.19 points or 0.7 per cent, the index ended at 3,211.93, down from 3,234.12 the day before.

The previous support of 3,238.15 points is no…

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