Daily Morning Note | February 23, 2022
Singapore stocks ended the day lower on Tuesday amid escalating tensions between Russia and Ukraine. The benchmark Straits Times Index, or STI, was a sea of red as all 30 of its constituents either fell or ended flat, closing 1 per cent or 35.78 points lower to hit a 1-week low of 3,400.58. Elsewhere, major indices in Japan, Hong Kong and South Korea closed with deeper losses of between 1.4 per cent and 2.7 per cent.
Wall Street stocks fell sharply on Tuesday after US President Joe Biden announced new sanctions on Russia following its latest escalations in the Ukraine crisis. Biden, in a…
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