The Straits Times Index is now officially Asia's second-worst benchmark index after Indonesia's JCI, this year.
The benchmark indes is down nearly 16% through Tuesday's close at 2,886.29.
Stocks in the city-state have taken a beating this year as concerns build about global growth and the ability of China's government to contain a rout in local markets, but Singapore stocks have been hit worse than many of their peers in the rest of Asia.
Singapore's economy is external-facing, with many listed companies heavily exposed to China and other Asian markets, making them vulnerable to volatility in other parts of the globe.
The country also has several large listed offshore marine and oil & gas counters; among the hardest hit sub-indexes are the FTSE ST Oil & Gas Index and the FTSE ST Industrial Index, down nearly 28% and more than 20%, respectively.
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The benchmark indes is down nearly 16% through Tuesday's close at 2,886.29.
Stocks in the city-state have taken a beating this year as concerns build about global growth and the ability of China's government to contain a rout in local markets, but Singapore stocks have been hit worse than many of their peers in the rest of Asia.
Singapore's economy is external-facing, with many listed companies heavily exposed to China and other Asian markets, making them vulnerable to volatility in other parts of the globe.
The country also has several large listed offshore marine and oil & gas counters; among the hardest hit sub-indexes are the FTSE ST Oil & Gas Index and the FTSE ST Industrial Index, down nearly 28% and more than 20%, respectively.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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