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Singapore stocks in the red after Wall Street slide; STI opens 1% lower

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SINGAPORE shares slipped in early trade on Friday, tracking losses in the US markets overnight due to disappointing jobless claims data. Read more at The Business Times.

Singapore Airlines was down S$0.04 or 1.1 per cent to S$3.65 as at 9.17am. The flag carrier on Thursday evening saidagainst some of its Airbus and Boeing aircraft to shore up liquidity amid sinking demand during the Covid-19 pandemic.

Only three STI constituents were in the green by 9.15am on Friday. Hongkong Land rose US$0.04 or 1 per cent to US$3.92, Jardine Matheson Holdings advanced US$0.05 or 0.1 per cent to US$40.00, while Jardine Strategic Holdings gained US$0.07 or 0.4 per cent to US$19.82.high-flying tech shares falling especially hardThe tech-rich Nasdaq Composite Index ended down 2.3 per cent, the Dow Jones Industrial Average shed 1.3 per cent, while the broad-based S&P 500 dropped 1.2 per cent.

 

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