Banks drag local stocks down as Singapore imposes sanctions against Russia over Ukraine invasion

February 28, 2022 8:26 PM

SINGAPORE – Singapore banks led a steep decline in the local stock market on Monday (Feb 28), reflecting investors’ concern over growth, inflation and tightening financial conditions as Singapore joined the ranks of Western nations to impose unilateral sanctions on Russia for the invasion of Ukraine.

Source : https://www.straitstimes.com/business/economy/banks-drag-local-stocks-down-as-singapore-imposes-sanctions-against-russia-over-ukraine-invasion