News
STOCKS | Staff Reporter, Singapore
view(s)

Daily Markets Briefing: STI down 1.11%

Wall Street's worst day since February could hurt gains today.

The Straits Times Index (STI) ended 35.12 or 1.11% lower at 3,131.48.

The FTSE ST Mid Cap Index rose 1.05% whilst the FTSE Small Cap Index slipped 1.02%.

The top active stocks were DBS, which 1.23%, OCBC, 0.91%, Singtel, which fell 1.26%, UOB, which dipped 0.50%, and ComfortDelGro, with a 5.06% fall.

According to OCBC Investment Research, US stocks slumped to close sharply lower as the Dow Jones Industrial Average sank more than 800 points and the S&P 500 had its worst day since February as technology stocks went into a freefall.

All eleven S&P 500 industries ended lower. The worst performers were Information Technology (-4.77%) and Communication Services (-3.94%).

"The significant retreat on Wall Street overnight could weigh further on local sentiment today," OCBC Investment Research said.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.