STI resumes slide on Wuhan virus worries
Scorching run on healthcare-related stocks runs out of steam as investors switch to other alternatives
WITH deaths from the Wuhan virus rising and total infections overtaking 2003's Sars outbreak count in mainland China, Asian equities resumed their downward path after Wednesday's relief rally on bargain hunting.
Singapore's Straits Times Index (STI) ended Thursday's session with a fall of 11.89 points or 0.4 per cent to 3,170.68.
Elsewhere, Australia, Japan, Hong Kong, Malaysia and South Korea were lower. On its return after a week off, Taiwan's Taiex Index dived 696.97 points or 5.8 per cent to 11,421.74, registering its largest single-day drop since Oct 2018. Chinese markets remain closed.
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