Singapore stocks ended the day slightly higher on Monday, bucking the regional trend on the first trading day after the government rolled out another expansionary Budget. The benchmark Straits Times Index climbed much of the day to close 0.2 per cent or 7.46 points higher at 3,436.36.
European shares dropped to a four-month low on Monday, with auto and technology stocks leading the losses after comments from the Kremlin quelled hopes of a resolution to Europe's biggest military crisis in decades. The pan-European Stoxx 600 slid 1.3 per cent to its lowest level since October over concerning headlines related to the Russia-Ukraine conflict. The technology sub-index shed 2.6 per cent to its lowest since March last year and marked a fourth straight day of losses. The sector, along with the European benchmark, has spent seven of eight weeks in negative territory so far this year.
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