SINGAPORE (Apr 2): Financial markets continued to limp into 2Q, with the benchmark Straits Times Index (STI) dipping 0.92% on Thursday morning amid the ongoing Covid-19 crisis.

Real estate investment trusts (REITs) led the decline, following concerns that the potential release of a Covid-19 temporary measure bill, which could absolve tenants of their rental obligations for up to six months, will introduce further uncertainty to an already challenged retail sector.

This comes after a rocky start to the week, when Singapore’s central bank took unprecedented easing steps to support a trade-reliant economy being slammed by the coronavirus outbreak.

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