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STOCKS

STI suffers biggest single-day dive since 2008

The index drops 178.61 points to 2,782.37 points; all 30 index components end the day in the red

THE combination of a worsening of the Covid-19 outbreak and a shock in the oil markets has pushed stocks off a cliff, with the Straits Times Index (STI) registering its biggest single day loss since October 2008.

The STI lost 178.61 points or 6 per cent to end the day at 2,782.37 points,...