SINGAPORE (Jan 8): The Singapore Exchange (SGX) saw a sea of red on Wednesday morning, as investors woke to news that Iran had fired a series of missiles at two US-Iraqi airbases.

The attacks are believed to be in retaliation for the killing of Iranian General Qassem Soleimani by American forces last week.

The Straits Times Index (STI) opened 36.58 points lower, or down 1.12%, on Wednesday.

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