Singapore stocks: STI resumes Wednesday afternoon down 0.5% on day

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SINGAPORE shares resumed trading on Wednesday afternoon in negative territory, with the Straits Times Index (STI) down 0.5 per cent or 12.41 points on the day to 2,492.35 as at 1.04pm. Read more at The Business Times.

Elsewhere in the region, Asian shares fell on Wednesday and oil prices hit lows not seen since June, after a rout of technology shares sank Wall Street for a third consecutive day, and a major drugmaker delayed testing of a Covid-19 vaccine.

As the tech-fuelled sell-off hit Wall Street, observers say investors are looking to the options markets. For now, few investors appear eager to buy the dip, which has sent the tech-heavy Nasdaq down 10 per cent from its highs.

 

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