Singapore stocks shed more than 2% at the close on Friday, tracking regional losses as a global rout in technology and semiconductor stock sent shockwaves across Asia.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,138.75 and 5,199.82 throughout the day. It ended the session at 5,179.17, down 117.08 points or 2.2% compared to Thursday's close.
YZJ Shipbldg down over 6%; ST Engineering, Keppel, Seatrium down around 5%; Sembcorp, CityDev down over 3%.
On the corporate front, shares of SingPost (SGX:S08) closed nearly 7% higher as it logged SG$55.9 million in profit attributable to owners in the fiscal first half, compared with SG$19.7 million a year earlier.
Totm Technologies (SGX:42F) was down nearly 5% as its subsidiary, TOTM Labs, signed a strategic collaboration and joint venture agreement with Hungry Human.
Meanwhile, shares of Zheneng Jinjiang Environment (SGX:BWM) closed nearly 3% higher as its proposed privatization by Jieneng Investment (Hong Kong) has satisfied its antitrust condition after China's State Administration for Market Regulation decided not to conduct a further review.
