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Big Tech rout in US sends STI, regional markets sliding

The Straits Times

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July 26, 2024

STI slips 0.9% to 3,430.45; losers beat gainers 372 to 220 | Seatrium biggest decliner; 3 local banks down too | Nasdaq's worst outcome in 400 days as it falls 3.6%

- Tan Nai Lun

Local shares went south on July 25 in line with regional markets and the tech sector bloodletting on Wall Street overnight.

The benchmark Straits Times Index (STI) fell 0.9 per cent, or 30.37 points, to 3,430.45, with losers outstripping gainers 372 to 220 on trade of 1.1 billion securities worth $1.2 billion.

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