Markets across Asia, including Singapore, closed lower yesterday amid a somewhat subdued mood as investors decided to take a wait-and-see approach in the face of emerging information on the Omicron virus strain.
While sentiment remained nervous and Asian markets continued to weaken, there was no noticeable panic selling.
The Straits Times Index stumbled 45.69 points or 1.4 per cent to 3,120.58 points, as travel and hospitality stocks fell.
Singapore Airlines and CDL Hospitality Trust slid over concerns about travel and border restrictions, losing 2.77 per cent and 3.42 per cent respectively.
However, some sectors such as medical services held their own in an otherwise lackluster session.
Noticeable gainers included medical service and product players. They include Medtecs, UG Healthcare, Top Glove, Riverstone, Q&M Dental and Raffles Medical, which rose between 5 per cent and 31 per cent.
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