STI ended the year 2018 at 3068.76, a loss of 334.16 points or 9.82%. STI was not the only bourses that ended red for the year and in fact majority of the bourses ended in the red with China Shanghai Composite, SSE performed the worst with more than 20% drop.
2018 started brightly for global market as the rally continued from late 2017. However, it soon took a brake near end January when US announced tariff increased on China imported goods. This effectively started the US-China trade war (tariff war) when China refused to give in and doing a tit-for-tat tactic by increasing tariff on US imported goods. For rest of the year, global markets were enrolled in the US-China trade war as concerned should a full-blown one kicks in, a global recession will occur. As such, global markets practically spent the rest of 2018 in correction territory despite a brief