Singapore stocks end down 0.31pc

SINGAPORE (XINHUA) – Singapore shares closed 0.31 per cent lower yesterday, as investors awaited United States (US) President-elect Joe Biden’s plans for a huge fiscal aid to fight the economic toll of surging coronavirus cases.

US markets climbed to all-time highs last Friday after Biden said he will lay out the details of trillions of dollars in further aid to revive the world’s largest economy this week. He made the call for new assistance, including USD2,000 stimulus cheques after a dismal December jobs report. The 140,000 slumps in payrolls highlighted how surging coronavirus infections were taking a greater toll on parts of the economy.