STI ends the year as the region’s worst laggard but prospects look bullish for 2021

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The local bourse ended the year down nearly 12 per cent.

STI ends the year as the region's worst laggard but prospects look bullish for 2021

Grace LeongBusiness Correspondent

SINGAPORE – The pandemic hammered South-east Asian stock markets in 2020 with the Straits Times Index taking the biggest hit in the region.

The local bourse ended the year down nearly 12 per cent, a victim, like its regional peers, to a greater reliance on trade, travel and tourism – sectors that have all been under siege as countries went into lockdown.

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