STI posts third consecutive day of declines amid economic gloom

SINGAPORE shares posted their third straight day of losses as sentiments continued to be hurt by the Covid-19 surge, more global economic gloom and risks tied to the upcoming US election. Wall Street's wobbly session overnight added more salt to injury.

The key Straits Times Index (STI) traded under water all day, and closed at a near five-week low of 2,483.48 after falling 29.39 points or 1.17 per cent.

Key Asian gauges fared mixed, with Japan and Hong Kong falling 0.3 per cent while Malaysia slipped 0.5 per cent.