Singapore's stock market crashed on Wednesday, falling more than 1% at close, tracking overnight losses in global markets.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,412.47 and 3,442.27 throughout the day. It ended the session at 3,441.38, up 38.96 points or 1.12% compared to Tuesday's close.
In economic news, Singapore's private sector continued its expansion in August, with the S&P Global Singapore PMI rising to 57.6 from 57.2 in July, marking the fastest rate of growth since October 2022.
In company news, CapitaLand Integrated Commercial Trust (SGX:C38U) was down over 3% after it closed its private placement of 171,737,000 units.
Shares of Wilton Resources (SGX:5F7) surged over 22% after the company revealed that the pricing and supply of cyanide have started to normalize, allowing the company to achieve a production capacity of 300 tonnes of gold dore.
Meanwhile, Boutique real estate and hospitality firm Heeton Holdings (SGX:5DP) was down nearly 2% after the company acquired the Capri by Fraser Changi City via a joint venture consortium.
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