Commentary
Stock rout threatens to raise funding costs for even healthy firms
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The current situation is quite different from the 2008 global financial crisis, which was essentially a banking and mortgage loan disaster.
ST PHOTO: MARK CHEONG
The global financial market turmoil is threatening to put a halt to investments and hiring by the corporate sector.
Falling stock prices in a bear market and poorly communicated or half-hearted public policy responses can spread distress to credit markets.
