Singapore shares lead regional decline amid forex market turbulence

The STI might head for a second week of decline.

Switzerland’s move to remove its currency cap caused turbulence in the foreign exchange market, leading to a decline in Southeast Asian shares.

According to a report by Reuters, Singapore’s Straits Times Index was down 1.1% at 3,301.90, after falling to 3,292.42, the lowest since January 7. It is heading for a weekly loss of about 1 percent, a second straight week of decline.

View the full report here.

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