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S'pore stocks end lower on news of Biden's election-race exit

The Straits Times

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July 23, 2024

STI falls 0.3%, but gainers outpace losers 290 to 277 | Singtel is top index performer, climbing 1% to $3.05 | In the region, Japan, S. Korea and Malaysia slip, but HK rises

- Tan Nai Lun

Stocks ended lower on July 22, after United States President Joe Biden announced overnight that he would be ending his re-election campaign, and endorsed VicePresident Kamala Harris for the role.

The benchmark Straits Times Index (STI) fell 0.3 per cent or 10.3 points to 3,437.26.

Across the broader market, gainers outnumbered losers 290 to 277, with 1.1 billion securities worth $924.1 million changing hands.

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