More Money Vanished From The Market
Friday, 19th August 2011
Billions was again wipe off from the Singapore stock market when the STI (Straits Times Index) nose dived another four percentage points. The benchmark index plunged close slightly above 2,700. The slide begins in 1 August 2011 when market was trading in and around the 3,200 level. The nearly 16% plunge was in line with world markets which saw huge sell-off over fears that another global economic crisis.