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Singapore stocks tank as Iran launches missile attacks on US bases in Iraq

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
Singapore stocks tank as Iran launches missile attacks on US bases in Iraq
As at 1.11pm on Wednesday, all but three of the 30 STI constituent stocks trading lower.
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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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