Market sentiment in Asia cooled as investors continue pricing in a more aggressive Federal Reserve tightening ahead. Still, the Straits Times Index bucked the regional trend, rising by 3.90 points, or 0.12 per cent, to close at 3,283.94. Across the Singapore market, decliners beat advancers 267 to 185 after 1.34 billion shares worth S$1.22 billion changed hands
Wall Street's main indexes ended sharply lower on Wednesday, with the tech-heavy Nasdaq confirming it was in a correction, after a diverse set of corporate earnings and as investors continued to worry about higher US Treasury yields and the Federal Reserve tightening monetary policy. The Nasdaq ended down 10.7 per cent from its Nov 19 closing record high, as stocks sold off into the market close. A correction is confirmed when an index closes 10 per cent or more below its record closing level. The Dow Jones Industrial Average fell 339.82 points, or 0.96 per cent, to 35,028.65, the S&P 500 lost 44.35 points, or 0.97 per cent, to 4,532.76 and the Nasdaq Composite dropped 166.64 points, or 1.15 per cent, to 14,340.26.
In Singapore, the counter to watch is Vertex Technology Acquisition Corporation Ltd
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