STI marks biggest intraday decline of 8.6% since global financial crisis
Singapore's Straits Times Index saw one of its biggest intraday declines of 8.6% today — with banking stocks being among the biggest losers. The index ended down by 7.4% at the close of trade. The intraday decline is the biggest since the 8.9% sell-off during the global financial crisis on October 24, 2008. It also exceeded the 8.4% crash of March 23, 2020 during the COVID-19 pandemic. Caitlin Ng reports.
Singapore's Straits Times Index saw one of its biggest intraday declines of 8.6% today — with banking stocks being among the biggest losers. The index ended down by 7.4% at the close of trade. The intraday decline is the biggest since the 8.9% sell-off during the global financial crisis on October 24, 2008. It also exceeded the 8.4% crash of March 23, 2020 during the COVID-19 pandemic. Caitlin Ng reports.
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