STI posts worst Asia finish on Friday
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
THE Straits Times Index (STI) ended Friday down 63.74 points or 2.6 per cent at 2,389.29 points, ending the week 5.5 per cent lower than where it started.
It was by far the worst performer among Asian markets, which mostly finished flat or saw slight dips. Sentiments were hit by news that Singapore will be curtailing a wide swathe of businesses for a month to contain the Covid-19 spread.
The FTSE Bursa Malaysia KLCI Index was flat, down 0.02 per cent or 0.25 point to close at 1,330.65 points. The Nikkei 225 Index added 0.01 per cent, while the Hang Seng Index declined 0.19 per cent.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
