The benchmark Straits Times Index (STI) fell 1.4% to 2534.6 from 2571.55 last week. The decline comes despite the $8 billion stimulus package announced by Deputy Prime Minister and Finance Minister Heng Swee Keat on August 17.

The Singapore dollar also climbed to a six-month high following the fiscal buffer.

See: Singapore dollar hits six-month high after latest stimulus package

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