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Home > Breaking News > Money > Story

Oct 10, 2008

STI closes 7.34% lower

'No one is buying. Fundamentals don't matter anymore and there's no explanation for such a plunge,' said Mr Yoshinori Nagano, chief strategist at Daiwa Asset Management. -- PHOTO: ASSOCIATED PRESS

SINGAPORE shares closed sharply lower, with the benchmark Straits Times Index (STI) down 154.38 points, or 7.34 per cent, at 1,948.33.

Up to 1.6 billion shares exchanged hands.

Losers beat gainers 534 to 87.

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