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Moomoo 24/7 ·  Apr 7 06:24

The $FTSE Singapore Straits Time Index (.STI.SG)$ nosedived by 8.5 percent in early trading, briefly falling below 3,500 with a decline of over 325 points. This represented the most substantial intraday decline since the STI tumbled 8.9 percent during the subprime mortgage crisis on October 24, 2008, and exceeded the 8.4 percent drop that the index experienced during the Covid-19 pandemic-induced crash on March 23, 2020.

Among the STI component stocks, $Seatrium Ltd (5E2.SG)$ and $YZJ Shipbldg SGD (BS6.SG)$ were the biggest losers, both falling more than 10%. Additionally, the three major bank stocks - $DBS (D05.SG)$, $OCBC Bank (O39.SG)$, and $UOB (U11.SG)$ - declined by 9.35%, 6.86%, and 5.30% respectively.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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