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Roundup: Singapore stocks end down 0 67 pct - World News

2020-12-22 10:35:28 GMT2020-12-22 18:35:28(Beijing Time) Xinhua English SINGAPORE, Dec. 22 (Xinhua) Singapore shares closed 0.67 percent lower on Tuesday, dragged by worries of possible lockdowns due to a new fast-spreading coronavirus strain. Investors continued to juggle the outbreak of an ominous new strain of coronavirus in Britain with the passage of a long-anticipated U.S. stimulus package. U.S. markets managed to stabilize by closing session on Monday, but he new strain has raised fears about another wave of lockdown and travel restrictions around the globe, sparking selloff on the cyclical and travel-sensitive stocks. MayBank-Kim Eng Retail Research said, Technically, short term momentum for the Straits Times Index has eased with the index consolidating within a trading range bounded by overhead resistance at 2,892 points and near-term support at 2,793 points.

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