Futures for the Dow Jones Industrial Average plunged more than 800 points, or 2.4 per cent, as US markets were set to return after the Thanksgiving holiday on Thursday. Europe’s stock benchmark fell the most this year. Ten-year Treasury yields shed 11 basis points, while the Japanese yen jumped the most since its March 2020 rush for safety.
In Asia, Hong Kong stocks led the sell-off with the Hang Seng Index sinking 2.67 per cent.
Singapore’s Straits Times Index closed down 1.72 per cent, with all 30 constituent stocks seeing red. Decliners outnumbered advancers 406 to 139 in the wider Singapore market, with nearly two billion shares worth $1.8 billion changing hands.
The worst performers were Genting Singapore and Singapore Airlines (SIA), which could suffer the brunt of further lockdowns.
This story is from the November 27, 2021 edition of The Straits Times.
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This story is from the November 27, 2021 edition of The Straits Times.
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