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Global equities downturn sends Singapore stocks plummeting on Friday—STI down 0.9%

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The woes weren't exclusive to Singapore. Wall Street also took a hit, as higher wholesale prices fuelled concerns over inflation

, with the Straits Times Index taking a 0.9% hit, sliding 29.66 points to 3,156.74, The Business Times reports.

Seatrium led the charge in trading volume, but not in the direction investors hoped. Despite a hefty 45.2 million securities changing hands, the company saw a 1.1% decline to S$0.091. Singtel and Genting Singapore weren’t spared either, both shedding value in brisk trading. Singtel dropped 2% to S$2.43, while Genting Singapore fell 0.6% to S$0.895.

 

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