Singapore Overtakes Thailand to Become Asia’s Worst Stock Market

  • Straits Times Index has lost about 25% so far this year
  • Resurgence in virus, slow recovery affecting market: IG’s Pan

Photographer: Bryan van der Beek/Bloomberg 

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Singapore stocks took a beating this week amid the twin uncertainties of the U.S. election and the worsening pandemic in the West, overtaking Thailand to become Asia’s worst equity market this year.