Singapore shares open lower on Tuesday following US market rout; STI down 0.8%

All three local banks lost ground in early trade after Citi Research on MondayDBS slid S$0.61 or 2.9 per cent to S$20.54, OCBC lost S$0.17 or 1.8 per cent to S$9.35 while UOB decreased S$0.23 or 1.1 per cent to S$21.27.and fears over the economic fallout from the coronavirus.

At the end of a day-long rout in US markets, the benchmark Dow Jones Industrial Average was at 23,851.02, a loss of more than 2,000 points or 7.8 per cent, making it the worst session since December 2008. The broad-based S&P 500 slid 7.6 per cent to 2,746.56, while the tech-rich Nasdaq Composite Index tumbled 7.3 per cent to 7,950.68.on Monday as the pan-European Stoxx 600 index closed down 7.4 per cent, marking its worst day since the 2008-09 financial crisis., trading down 3.1 per cent or 607.17 points at 19,091.59 about 10 minutes after trade began.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus, then oil collapse erase US$5 trillion from US stocksSAN FRANCISCO: Fears about the rapidly spreading coronavirus and its impact on the global economy, which deepened on Monday with the collapse of ... It wasn’t erased if they never sold, in fact I gained a few thousand in value since I bought but my short term results are all red but my long-term gain is still strong and I’m optimistic!
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Coronavirus: US FDA warns companies selling products that claim to treat diseaseWASHINGTON (REUTERS) - The US Food & Drug Administration (FDA) and the Federal Trade Commission (FTC) on Monday (March 9) issued warning letters to seven companies for selling products that claim to prevent, treat or cure Covid-19 caused by the new coronavirus.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »