STI is region's worst performer of 2020

It is down nearly 12% but vaccine roll-out, expected recovery could boost bourse's prospects

Investors are betting things could get bullish in the Year of the Ox, with the signing of the Regional Comprehensive Economic Partnership and hopes of a more multilateral trade approach by the Biden administration.
Investors are betting things could get bullish in the Year of the Ox, with the signing of the Regional Comprehensive Economic Partnership and hopes of a more multilateral trade approach by the Biden administration. ST PHOTO: GAVIN FOO

The pandemic hammered South-east Asian stock markets last year, with the Straits Times Index (STI) taking the biggest hit in region.

The local bourse ended the year down nearly 12 per cent, a victim, like its regional peers, of the greater reliance on trade, travel and tourism - sectors that were all under siege as countries went into lockdowns.

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A version of this article appeared in the print edition of The Straits Times on January 01, 2021, with the headline 'STI is region's worst performer of 2020'. Print Edition | Subscribe