The drop so far can be considered the 4th worst bear market since 1987 for the STI.
The official definition of a bear market refers to a downturn of 20% or more.
The STI dropped 20% from its most recent peak and entered bear market territory in September 1997, May 2001 and February 2008. It reached the bottom roughly in the months of August 1998, March 2003 and February 2009 respectively.
Number of months to reach the bottom from the start of the bear market
Sept 1997 - Aug 1998 = ...
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