Singapore shares fall 0.6% on triple factors – coronavirus, US election and earnings

The Business Times | Oct 26, 2020 at 1:00 AM
  • The key Straits Times Index (STI) fell 14.08 points or 0.6 per cent to 2,523.31 on Monday as Covid-19 cases hit records in the US and several European countries.
  • This week marks the final stretch before the high-stakes US presidential election on Nov 3, while focus will also be on the earnings season with tech giants in the US set to release their report card.
  • Analysts expect the European Central Bank to pave the way for more stimulus as challenges mount with rising Covid-19 cases, a Brexit trade deal and the rising risk of a double dip recession.