STI, regional stocks slide on virus resurgence in certain countries
Benchmark index falls 12 points to 2,485.71 as Asian markets retreat.
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LOCAL shares closed lower in tandem with regional markets amid a bearishness driven largely by pockets of resurgence of Covid-19 across the globe, particularly in Europe and the UK.
The benchmark Straits Times Index fell 12 points or 0.48 per cent to 2,485.71, after 1.37 billion securities worth S$988.07 million changed hands. Decliners outnumbered advancers 350 to 127.
Stephen Innes, chief global markets strategist at AxiCorp, noted that an added "drip-feed of negativity" is plaguing markets amid the approaching US elections.
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