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STI down by 3.3% amid the US election and second wave of Covid-19 infections

Thiveyen Kathirrasan and Felicia Tan
Thiveyen Kathirrasan and Felicia Tan • 2 min read
STI down by 3.3% amid the US election and second wave of Covid-19 infections
The Straits Times Index (STI) plunged 3.3% to 2,439.76 this afternoon.
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As at noontime on Nov 2, the Straits Times Index (STI) was trading at 2,439.76, up from 2,431.265 as at 9am on the same day.

Week-on-week, the STI plunged 3.3% from the previous week’s 2,523.31 amid news of returning lockdowns in countries across Europe.

On Oct 28, the governments of France and Germany announced that they will be imposing a second round of nationwide lockdowns, while British Prime Minister Boris Johnson says England will enter a second national lockdown from Nov 5.

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