STI tumbles 1% amid rout in Asia markets; Nikkei, Hang Seng falls more than 2%
Singapore's Straits Times Index (STI) fell 1% amid a broader Asian market rout, with the Nikkei and Hang Seng dropping over 2%. Concerns over an AI bubble crash have impacted markets, with local banks like DBS, OCBC, and UOB also declining. Earlier, US markets fell on similar fears, despite a brief rebound after Nvidia's positive guidance. Strong US jobs data further dampened hopes for a December rate cut.
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