You are here

STOCKS

STI sees largest single-day fall since 2008

Stimulus measures by policymakers worldwide have little effect on rising virus-induced recession fears

SINGAPORE'S Straits Times Index (STI) had its largest single-day fall since Oct 24, 2008, when the benchmark lost 8.3 per cent.

Following last Friday's relief rally, the blue-chip index opened 5.7 per cent lower. Sell-offs persisted as investors continued to liquidate assets, preferring...