STI falls 1.2%; losses led by financial and property stocks
They take cue from China markets, which dived over 7% on return from Chinese New Year break
Add BT as a preferred sourceMOST stock markets in Asia, including Singapore, tumbled on Monday amid the ongoing novel coronavirus outbreak, led by a sharp sell-off in China.
Coming back from an extended new year break, Chinese stock markets fell more than 7 per cent despite the People's Bank of China's pledge overnight to inject liquidity into the markets to shore up sentiment.
"Expectations remain that more could be done in the coming sessions should the support fail to arrest the volatility," said IG market strategist Pan Jingyi.
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