STI slips as Budget optimism wanes
Singapore's most expansionary budget in more than two decades has been a non-event for the local stock market
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THE Singapore stock market made a slight retreat on Thursday as the post-Budget optimism began to wane and concerns over global growth resumed centre stage.
"With the Covid-19 outbreak remaining very much in the news, global trade and growth are the immediate concerns. Singapore's Budget has taken a backseat," said a remisier.
Save the brief initial knee-jerk reaction on Wednesday, Singapore's most expansionary budget in more than two decades has been a non-event for the local stock market. Concerns surrounding the economic impact of the virus continue to abound, not just on the Singapore's economy but globally as well.
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