STI falls 1% as Russia-Ukraine war amplifies growth, inflation risks
RH Petrogas, Rex International are the day's most actively traded counters, galvanised by crude oil's sharp surge.
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SINGAPORE shares fell on a renewed bout of selling pressure as oil barrelled past a 7-year peak of US$110 a barrel amid the worsening Russia-Ukraine crisis, further amplifying the world's growth and inflation risks.
The key Straits Times Index lost 34.23 per cent or 1.04 per cent to 3,244.40 on Wednesday (Mar 2) as investors wrestled with uncertainty as geopolitical tensions heightened. Major equity gauges across the region also closed in the red except for South Korea, Australia and Malaysia.
Turnover on the local bourse stood at 1.61 billion units worth S$1.66 billion. Wednesday's losses were led by falls in Singapore banking trio DBS, UOB and OCBC as well as Venture Corp. Losers outpaced gainers with 250 counters down and 227, up.
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