Singapore Exchange :
- Singapore shares close flat on Friday, #STI down 3.2% for week.
- Over in Europe, Sweden followed Japan by moving to negative interest rates while in South Korea, trading in small caps on Friday was suspended after the small cap index collapsed by more than 8 per cent.
- It all adds up to a lethal cocktail that dragged the Straits Times Index (STI) down 84 points or 3.2 per cent over the week to 2,539.95. Daily volume averaged S$1.2 billion, better than last year’s figure which hovered around S$1 billion, though like last year, at least 70 per cent came from trading of blue chips. On Friday when the STI managed a 1.67 points rise, turnover was 900.7 million units worth S$1.2 billion.