Singapore, Asia markets tumble tracking losses on Wall Street; STI down 1.3%

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STOCKS in Singapore and the Asia-Pacific tumbled on Thursday, tracking steep declines overnight in Wall Street. Read more at The Business Times.

Thai Beverage was the top performer and most active counter on the STI. It rose 2.5 per cent to 82 Singapore cents after over 49 million shares changed hands. Bloomberg reported on Thursday that the company is planning to lodge a filing to list its brewery unit on the Singapore Exchange as soon as next week.

Keppel DC Reit was the only other STI gainer on Thursday, rising 1.4 per cent to S$2.95. It reported on Tuesday a 27.5 per cent rise in distribution per unit to 4.795 Singapore cents for its fiscal second half ended December. Elsewhere in the Asia-Pacific, it was a sea of red across major indices. The Nikkei 225 in Japan fell by 1.5 per cent to 28,197.42, Hong Kong's Hang Seng Index lost 2.5 per cent to 28,550.77 and Australia's ASX 200 slid 1.9 per cent to 6,649.70.

Oanda senior market analyst for the Asia-Pacific, Jeffrey Halley, said the release of US gross domestic product data on Thursday evening is the next significant risk point for equity markets,"with an underwhelming number likely to extend the malaise". However, he added, things could change if positive vaccine data is released by Johnson & Johnson in the next two days.For daily updates on weekdays and specially selected content for the weekend.

 

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