SINGAPORE (Oct 15): The benchmark Straits Times Index skidded to 20-month lows on Oct 11 on the back of a heavy selloff in the US. The STI closed that day 2.7% lower at 3,047.4 points. 

US stocks saw their biggest decline in more than six months on Oct 10 as investors accelerated their retreat from fast-growing technology stocks in favour of shares that have been overlooked, sparked in part by the recent jump in government bond yields and the Federal Reserve’s bid to tighten monetary policy.

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