Markets in Asia largely closed lower on Tuesday as investor sentiment weakened due to inflation concerns. The Straits Times Index broke its 8-day winning streak to close down 0.2 per cent, or 7.91 points at 3,280.04. Within the region, Hong Kong's Hang Seng index closed down 0.4 per cent while the Jakarta Composite Index lost 0.5 per cent and South Korea's Kospi fell 0.9 per cent. Tokyo's Nikkei 225 fell 0.3 per cent.
Wall Street stocks endured an ugly session on Tuesday, tumbling in their first session back after a holiday weekend on mounting worries about higher lending rates. The Dow Jones Industrial Average finished down 1.5 per cent at 35,368.47. The broad-based S&P 500 shed 1.8 per cent to 4,577.13, while the tech-rich Nasdaq Composite Index sank 2.6 per cent to 14,506.90.
Our stocks to watch in Singapore today is Halcyon Agri Corp.
Stay tuned and we will tell you why, in just a few moments.
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