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STI meltdown continues despite Fed rate cut to calm markets

Thiveyen Kathirrasan
Thiveyen Kathirrasan • 1 min read
STI meltdown continues despite Fed rate cut to calm markets
A surprise decision by the US Federal Reserve to slash interest rates has failed to calm the global financial markets.
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SINGAPORE (Mar 16): A surprise decision by the US Federal Reserve to slash interest rates has failed to calm the global financial markets.

This comes as investors flee for cover after the World Health Organization on Wednesday declared the novel coronavirus (Covid-19) outbreak a pandemic.

Amid the uncertainty stemming from Covid-19 as well as other geopolitical events such as the Saudi-led oil price war which saw the collapse of oil prices on March 9, The Edge Singapore is keeping track of the component stocks on the benchmark Straits Times Index.

The STI is a capitalisation-weighted stock market index that tracks the performance of the top 30 companies listed on the Singapore Exchange (SGX).

This valuation table will be updated at noon each day.

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