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STI falls 2.2% as global tech stock slides hit markets

STI falls 2.2% as global tech stock slides hit markets

[SINGAPORE] Singapore stocks ended lower on Friday (Nov 6).

The benchmark Straits Times Index (STI) lost 2.2 per cent or 117.08 points to finish lower at 5,179.17.

Sats led the gainers on Singapore’s blue-chip index, rising 0.5 per cent or S$0.02 to S$3.73.

The worst performer among STI constituents was Yangzijiang Shipbuilding, which fell 6.5 per cent or S$0.30 to S$4.35.

The local banks all ended lower. DBS lost 2.1 per cent or S$1.48 to end at S$69.72, OCBC fell 0.7 per cent to S$27.73, and UOB was down 2.5 per cent or S$0.93 at S$36.88.

Within the iEdge Singapore Next 50 Index, CapitaLand China Trust was the top gainer, rising 0.8 per cent or S$0.005 to S$0.625, while CSE Global was the biggest decliner, falling 8.9 per…

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