Singapore, Sept. 25 -- Singapore shares sank yesterday, tracking the Wall Street rout overnight amid fears in the United States of a second wave of the coronavirus, stalled stimulus talks and an increasingly contentious presidential election campaign.
Mr Stephen Innes, chief global market strategist at AxiCorp, said: "Fading prospects for US fiscal stimulus and the stepping up of mobility restrictions on concerns about the second wave of Covid-19 are smacking global stock markets again."
Soaring Covid-19 figures in some regions have fuelled concerns over the reimposition of movement restriction orders that will hurt economies further.
France, for instance, has ordered bars and restaurants in Marseille to shut and will restrict opening...