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2021-05-14
Wow
Singapore stocks tumble as strict virus curbs return
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brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1620980421,"share":"https://www.laohu8.com/m/news/1150860680?lang=&edition=full","pubTime":"2021-05-14 16:20","market":"sg","language":"en","title":"Singapore stocks tumble as strict virus curbs return","url":"https://stock-news.laohu8.com/highlight/detail?id=1150860680","media":"Reuters","summary":"Singapore shares record worst day in nearly a year\nTaiwan stocks clock worst week in over a year\nPhi","content":"<ul>\n <li>Singapore shares record worst day in nearly a year</li>\n <li>Taiwan stocks clock worst week in over a year</li>\n <li>Philippine shares reverse losses from six-month lows</li>\n</ul>\n<p>By Soumyajit Saha</p>\n<p>May 14 (Reuters) - Singapore stocks tumbled more than 3% on Friday after 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style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-14 16:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Singapore shares record worst day in nearly a year</li>\n <li>Taiwan stocks clock worst week in over a year</li>\n <li>Philippine shares reverse losses from six-month lows</li>\n</ul>\n<p>By Soumyajit Saha</p>\n<p>May 14 (Reuters) - Singapore stocks tumbled more than 3% on Friday after the city-state's imposition of the strictest COVID-19 curbs since last year stoked worries of a potential unravelling of its nascent recovery.</p>\n<p>Most Asian stocks, however, strengthened on reassurances from the U.S. Federal Reserve that a spike in inflation was temporary, with China and South Korea shares advancing 1.7% and 1.1%, respectively.</p>\n<p>Singapore stocks marked their worst session in nearly a year and the dollar fell 0.2% as the city-state tightened restrictions on social gatherings and public activities amid a rise in locally acquired infections.</p>\n<p>The Asian trade and financial hub had been reporting almost zero or single-digit daily local infections for months, before a recent rise.</p>\n<p>Losses were driven by a 7% slump in flag carrier Singapore Airlines and a 4% drop in in-flight caterer SATS Ltd.</p>\n<p>\"Quick reopening hopes have been dashed, especially for the travel and leisure sectors,\" Bank of Singapore analyst Moh Siong Sim said.</p>\n<p>\"Manufacturing should hold up as has been the case over thepast year.\" </p>\n<p>Taiwan shares rose 1% to snap four sessions of losses after Premier Su Tseng-chang said the COVID-19 alert level would not be raised and that there were enough resources to fight the pandemic.</p>\n<p>The bourse though registered its worst week in over a year as it lost more than 8%, amid tighter curbs in public places forced by a rare and unexpected rise in COVID cases. </p>\n<p>Philippine shares reversed losses to rise 0.5% as market participants picked up beaten-down stocks, an analyst said, after dropping as much as 2.5% to six-month lows earlier in the session.</p>\n<p>Chinese yuan firmed 0.3% to lead gains among Asian currencies as the dollar weakened, with investors assessing the risk of U.S. inflation rising faster than expected.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150860680","content_text":"Singapore shares record worst day in nearly a year\nTaiwan stocks clock worst week in over a year\nPhilippine shares reverse losses from six-month lows\n\nBy Soumyajit Saha\nMay 14 (Reuters) - Singapore stocks tumbled more than 3% on Friday after the city-state's imposition of the strictest COVID-19 curbs since last year stoked worries of a 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Su Tseng-chang said the COVID-19 alert level would not be raised and that there were enough resources to fight the pandemic.\nThe bourse though registered its worst week in over a year as it lost more than 8%, amid tighter curbs in public places forced by a rare and unexpected rise in COVID cases. \nPhilippine shares reversed losses to rise 0.5% as market participants picked up beaten-down stocks, an analyst said, after dropping as much as 2.5% to six-month lows earlier in the session.\nChinese yuan firmed 0.3% to lead gains among Asian currencies as the dollar weakened, with investors assessing the risk of U.S. inflation rising faster than 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