STI tumbles after Wall Street's record fall

BMI Research says despite global market sell-off, several asset classes remain in broad uptrends

Angela Tan
Published Tue, Feb 6, 2018 · 09:50 PM

SINGAPORE shares, together with their Asian peers, tumbled on Tuesday, a day after the Dow Jones Industrial Average posted its largest single-day drop in history in terms of index points.

The benchmark Straits Times Index closed at 3,406.38, down 76.55 points, or 2.2 per cent, from its Monday close. More than 3.8 billion shares worth S$2.9 billion changed hands, with 90 gainers to 518 losers.

Blue-chips, including banks and offshore marine conglomerates, dominated the sell-offs. Keppel Corp ended at S$8.19, down 37 Singapore cents, or 4.3 per cent on more than 17 million shares traded. DBS, UOB and OCBC - among the first to rally in the recent run-up - led the way south.

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