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Feels worse than the global financial crisis, say Singapore traders of stock rout
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The Straits Times Index plunged as much as 6.3 per cent within the first hour of trading on March 13.
ST PHOTO: MARK CHEONG
SINGAPORE - Bloodbaths on an almost daily basis are becoming the new norm in stock markets globally. Singapore has not been spared.
Markets across Asia extended a global sell-off on Friday the 13th, one day after Wall Street's longest bull market run officially ended with all three major US indexes in bear territory, down at least 20 per cent from recent highs. It was the worst Wall Steet crash since "Black Monday" on Oct 19, 1987.
