STI slips as Budget optimism wanes

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 bee…

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