STI slides on worries over Japan, Europe
Market closes off intraday low after bounce in Dow futures, European stocks
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE Straits Times Index, having inexplicably shot up 64 points on Friday before the Chinese New Year holidays, fell 41.11 points or 1.57 per cent to 2,582.10 on Wednesday, the first day of trading after the holidays.
A rebound in the Dow futures late in the afternoon and Europe opening in the black meant that the index finished significantly off its intraday low of 2,538. Excluding warrants, there were 85 rises versus 288 falls.
A plunging Japanese market where pushing interest rates into negative territory has not had the desired effect, a skittish Wall Street where doubts have arisen about the US' economic recovery and rumours of banking problems to come - possibly in Europe - combined to bring pressure to bear in high volume of 802 million units worth S$1.2 billion.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
