STI slides as US warns of sustained virus spread

COVID-19 continues to dominate news flows globally and with the situation still fluid, markets remain jittery, as evidenced by the resumption of sell-offs during Wednesday's session in Singapore.

Tuesday's rebound was short-lived as traders were jolted by US health officials expecting a sustained spread of the novel coronavirus to take root there.

The Straits Times Index (STI), down 0.9 per cent shortly after the opening bell, traded in that range for most of the session before a late dip to close 40.72 points or 1.3 per cent lower at 3,117.52.