𝕏xSG first seen 2 d ago, last 1 d ago, peak #2

Singapore's Straits Times Index heads toward correction

Original: Singapore’s equity benchmark Straits Times Index is on track for a correction as heavyweight bank shares slide on concer

Singapore's main equity benchmark, the Straits Times Index, is on track to enter a correction as heavyweight bank shares slide. The sell-off in DBS, OCBC and UOB is being driven by investor concerns over the outlook for banking profits, pulling the broader market down and putting the index on course for a decline of 10 percent or more from recent highs.

Why now: Bank shares are sliding on profit outlook concerns, dragging the index toward a correction.

Straits Times IndexSingaporeDBSOCBCUOB

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Rank over time, top of the chart is #1. 6 snapshots from 2 d ago to 1 d ago.

Evidence

• Singapore’s equity benchmark Straits Times Index is on track for a correction as heavyweight bank shares slide on concerns over the outlook for profits · business · 4

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